RE:RE:RE:Kereport.com - Korelon Economics Report - 1/28/17-segment 6BME will be valued at 45% until such time as the pre-feasibility is completed. Then the 30% valuation will be on the resource estimate at that time. If BME is not taken out by then the resource estimate will be a lot more than 4 million oz. Cope has said it will be 2 years before all the pre- feasibility drilling is completed, who knows there could be at least a couple of resource revisions during that time. Cope has already said AE plans to spend $6 million in Q1 alone, make no mistake AG loves this project and my guess is they will move to take out BME sooner rather than later.
Cope has being talking about 10-20 million oz which would indicate this project is only getting started. Was intrigued to hear Cope describe Barsele as a once in a lifetime project, we will see starting 15-Feb.