First Hit had a 136,000 oz resource at 24g/t.
They only mined 30,000oz as POG was at $340. The recoveries were 94% so this ore can go anywhere. High grade ore will be welcomed anywhere!
If POG stabilises or increases, my money is on OBM being taken out by a major and Viking will quickly get swallowed up..
i reckon the CEO knows this and is running at the project full steam as the more ounces they can prove up,, the higher the price tag they can achieve.. Spectrum developed 300,000 oz in 10 months and were bid by RMS in that time also, so this to me is a no brainer!!
First Hit had a 136,000 oz resource at 24g/t. They only mined...
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