Snowfield estimate: now at 0.5 g/t cut - off gradeFor those who are a bit sceptical about a 0.3 G/T cut-off grade here the same from the technical report for a 0.5 gr cut-off grade...
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SNOWFIELD ESTIMATED MINERAL RESOURCES BASED ON A CUT - OFF GRADE OF 0.50 G / T
...Parameters used in the estimate include metals prices (and respective recoveries) of US$1,025/oz. gold (71%), US$16.60/oz. silver(70%), US$3/lb. copper (70%), US$19/lb. molybdenum (60%) and rhenium US$145/oz (60%). The pit optimization utilized the following cost parameters: Mining US$1.75/tonne, Processing US$6.10/tonne and G&A US$0.90/tonne
along with pit slopes of 45 degrees...
All said in
February 2011, NI 43-101 & 43-101F1 TECHNICAL REPORT...
Well, as a shareholder I am rather exited about such figures. I would not sell such a treasury ! It is always good to have a second (working) mine in the hands. Think how many aditional years we can mine this bulk deposit (at present Brucejack production and earnings rates). Big Hydroelectric power is around the corner of Snowfield.
Hint: 25,211 koz divided by 346 koz present = .... !!!
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PS: Is there perhaps a rumour in Baystreet about Snowfield, that Joseph Reagor (Roth Capital Partners) came to his "Snowfield question" ?