Canarc Resource Corp Deal, page-11

It's only one project of a possible many Cyber. While I agree 2018 may feel like a long time, compared to how long it takes most mines to get from start to finish.... well.. from memory its about 16 years!

PGI seem fairly confident that they will give the go ahead earlier than the dates provided. So perhaps there is some room to move in that regard.

After looking some more at the new project, the numbers seem pretty good on a stand alone basis, let alone with PGI involved. I guess the lack of DFS is the deciding factor for it not being further progressed (as in Canarc ran out of cash)

Anyone follow the Canadian small cap gold sector? I wonder if there are any comparable stocks out there.

Clearly the geographic location of the mine is extremely conducive to lower costs when getting the concentrate seaborne. I think PGI has done some serious work getting this up. Before the end of the year we should even have some resources/reserves booked for the project. Another new even for PGI in years.

Should be pretty cost effective to drill right now, as far as I know, the majority of miners are doing it tough so lots of excess drilling rigs etc.