Good stuff! The grade is not the best, but more gold is always good! If they can blend it with the HG UG, it will be good and keep the mill fed.
Ran some conservative numbers the other day (65koz/a, 2500$/oz profit, 30% corporate tax = >110mio profit per year). With the tax write off they will have and potential outperforming due to higher grade (shown in the grade control), higher gold price (5100$ spot) MEK is set for a great run throughout the year. Q3 and Q4 will be very interesting to see and determine how high the sp fly's.
Has anyone else ran some numbers that are similar/have I missed anything?
DYOR
Ann: Further Shallow Oxide Gold in Extension Drilling, page-6
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