EVEN BETTER ?Ask Sprott to drop another - $500k
Firm up - Alwyn, Scad, Glade.
Scad has seen lots of drill holes over the years....
Such a drill placement map i'd live to see.
There were historical grades present prior to McD mines taking over.
Old drills + new drills = what's our gold tally for Scad ?
Would this stock see $0.60 cents with no roll but with 3 resource cals ?
We keep the stoc kthe same - 3 resources -
And... with permit - mine Scadding -
Ship ores to Suds - and only pay a toll fee for milling and refining -
Partial shared profit.
How would this stock perform if
- no roll
- shares incresed by another 4,000,000
- mining gold
- and use portion of profits of gold to continue to expand on resources ?
Anotrher option.
10,000 / goldoz
x 1500 / cdn ( profit ) ( 650 taken out for costs ) near surface - open pit - ore sorter - off to Suds.
= $15,000,000
I haven't a clue how the market would precieve the stock -
A juniot mining and profiting - what would the stock be appraised at ?
Based on - 60,000 tonnes @ 5.2 grams ( avg )
= 10,000 / oz / yr
Yes.. per year...
The junior would have a great ( buffer of time ) to produce 10,000 oz.
And.. still punch a few holes ot expand on other zones.
60,000 tonnes
~ 12
= 5,000 tonnes per month
~30
= 166 tonnes day
= 16.6 tonnes per hour - 10 hour day ( minus down time for waste ores )
A proper assembly of all drill hole intercepts - ( below grade ) at Scad...
Would obviously asisst in the taegeting of the high grades.
Something shareholders never saw.
We only got to see drill hole placements and grades of each campagin...
But... not all sewn together to see the - larger macro - of the project.
Question becomes -
Can the junior increase on resources vs delineated resources mined ?
And that's where alwyn comes into - play.
Copper gold porphry style deposits cna add up fast with mineral credits.
Longer intercepts... and near each scoop of ore pays.
How does one reverse a roll ?
Simple - Announces - change of plans.
PERFORM -
Resource calc on - Scad - reset the next drill campaign - with - $0.11 cent warrants.
Sets the value.
Work on - more drills at Alwyn and Glade.
Set up a toll - partner - Suds.
Activate the Scad mine permit - get things in motion.
If memory seves - Sprott is no stranger to - small mining operations.
Smart cookie.
Cheers....