There's a reason why Heathgate, desperately required an expansion to incorporate the Four Mile Project Resource..... Heathgate had a Resource that was declining rapidly !!!! Production will now, be able to ramped up with ease, to its 1500t capacity.
Take a look over this Graph, & you will see that Production has declined due to declining resource, to which will be boosted significantly with the additional Huge, Four Mile Resource.
2007 Production 748tonne + 752tonne = 1500t
Estimates on AGS. AGS's Share ... 25% of 752t = 188t 188t = 414,470 Lbs at Approx $45.00 P/Lb Profit = $18,651,150.00 Yearly $$$$$Profit
. . Cheers to all AGS Longs :) . Long Term Holdings PDN AGS DYL BLR PNA SNU & TSX Listed MGA . . .
AGS Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held