SFEG: six years of production for the Summit mine??

As we know, IGS has investment in SFEG.
Well, there is a new announcement(dated 28 Aug 14) on SFEG front. Just passing on the link for those who haven't seen it...



"We are very pleased with the increase in resource at the Summit mine. The new resource model should allow us to add an additional year of production to our original plans. This new resource is sufficient for six years of production for the Summit mine at a planned production rate of 400 tons per day. During the projected six-year mine life, the Summit mine is expected to produce an average of about 25-30,000 gold equivalent ounces annually.

Santa Fe is now focused on completing the previously announced $22million gold bond financing together with an investment bank with whom new management have enjoyed a long-standing relationship. Contingent on financing, Santa Fe plans to restart production at the Summit Mine and Lordsburg mill in the fourth quarter of 2014."

For details, pls click ...

http://www.nasdaq.com/press-release...e-estimate-for-the-summit-mine-20140728-00364