As Fredwah said on this thread, "I'd prefer to see a short infill drill program to upgrade the indicated/inferred resource of 207,000 tonnes @ 6.71 g/t for 44,600 ounces. It would be a cost effective way to make the overall deposit more valuable if they are going to sell it."
At an assumed AISC of $1100 that's close to $76M cashflow if they could mine that!
Most of this was not included in the pfs as it needs upgraded first. I had overlooked this as was concentrating on the overall tailings pfs only.
Question: With small high-grade deposits like these lying around, and Gold at $2800+, why aren't there a bunch of companies lining up to go into the portable mill business, like BMI? There's got to be money to be made selling shovels to miners?
Ann: Sale of Tick Hill Tailings Stockpiles for $6M, page-127
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