Good assessment as usual
Given the assay test results & the excited language used by both Kevin & Tony in the drilling releases & in the webinar. I would think the MTU's added will a lot higher than 500k.
Currently the resource is 6.5m mtu (excluding stockpile).
Once the hard rock starts and the cashflow improves, I think they are pretty keen to see how big this deposit really is.
Around the current drilled areas. It's open in nearly all directions and at depth. This will likely add millions more mtu.
They have only part drilled 3 of potential 50 sites.
We are only in the early chapters of the Mt Carbine book. As Tony has said - this is a multi-generational deposit. That suggests 40 to 80 years with more deposits in the region.
Given all of this and the free cashflow (as per Pacpartners research) I would think a larger processing plant is on the cards.
This not a sub $100m company, especially when they are likely to generate $70m per year with current plant.
The fun is about to get started.
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