I am hoping for 250K reserve within six months and 1 Million resource by end of 2011. I believe they can achieve this very easily. The 1km gab between Emerald and Monarch Resource should be a very interesting announcement to keep an eye out for. If the gold in between is significant this will make the prospect of actually going into production again very much on the cards. I believe a gold processing plant would cost around 13 - 15 Million dollars to build on location but they will also then have to expand their workforce from the current 3 or 4. Then comes the uranium in the future - heaps of it not to mention heaps more deep gold.
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I am hoping for 250K reserve within six months and 1 Million...
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