Tick, Tick, Tick

Time is running out to get on board the Red express. This Q we will see the results of the PFS for the processing plant and a defined reserve for KOTH. IMO, assuming a 50% conversion,we should see at least a half mil oz reserve declared. So, if the PFS is approved, with the reserve declared,we should get a green for GO on a processing plant. Lets say, starting at the end of this Q, three months for DFS, that's end of CY 2019. Then another three months for permits and finance, although some of this could be concurrent with the DFS. That's end of first Q in CY 2020. Then the construction begins. Should be a 12 month build and commissioning. So, IMO, we could look at a first pour at end of Q1 in CY 2021. This could ramp up to about 150,000 oz pa by end of Q2 in CY 2021.

And the SP. Once the reserve is declared and the DFS is approved we should see a slow ramp up in SP. Would like construction to bring on an SP of 30 to 40 cents with first pour at 50 cents. As production ramps up to 150,000 oz (total of 250,000 oz pa with Darlot) might go to 70 cents or higher.

Then again it might fall over with a rejection of PFS. We should know in the next couple of months. Good luck to those on board.