We are and Gold Price is primed to have a run up to record highs. Looking forward to an announcement of new deep drilling. A few hits under swiftsure showing further high grade extensions to the ounce dirt hot spot be an ideal addition to MRE and surely would ignite interests in the project.
There are positives and negatives to high gold prices, a negative is companies like Ramelius are focusing on inhancing their own production, to make money and gain from higher prices. Instead of looking at obtaining a high grade discovery.
Positively though the high grade we have when prices stabilise at a high level show CAV has a resource with 192% IRR and higher as gold price rises.
A very prosperous opportunity and exciting project to start up at Kookynie McTavish. We await that interested buyer who sees the great potential in mining this project. A few more hits of high grade and we definatley are in a great position, better than the very good one we are already in!
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