With gold silver ratio about 80 that seems right. That comes out at a bit over 2M Oz gold resource. At 20M MC that would be $10 an oz in the ground for a DFS ready developer.
.... of course recoveries for silver/lead are generally lower than gold, and other factors, but it is still a good rough number comparison of what we have.
I will be buying again here if we get below 10c, I have been tempted recently but am waiting.
Ann: Investor Presentation, page-23
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