Nice find. The EV seems a bit low to me given the NPV of the project previously was $58 million for 262,000 oz. This works out at an EV of $221 an oz. Given the plant and mining cost won’t scale linearly with an upgraded production rate we should see the EV per oz increase with more gold found (assuming the grade is the same or better).
Nice find. The EV seems a bit low to me given the NPV of the...
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