If they signalled 6 rigs running, we would all be asking where the cash will come from. If the IPO goes well, the drilling may well be increased.
It could also be that they see a path to production as it stands (with a little in fill and extension)
$2300 gold is a game changer in so many regards.
They have used $2000 for pit/cutoff assumptions, but if gold stabilises here, or keeps going, that could mean using $2150 by the time PFS comes around.
@princey37
NASDAQ Listing, page-11
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