RE:Gran Colombia files Segovia NI 43-101 technical reportUsing a long-term gold price of $1250 could turn out to be conservative in a few years time.
"All production costs are based on currently incurred costs and possible gains of increasing the project scale from 640 to 1,500 t/d have not been completely evaluated. It is recommended that a specific study about this optimization is undertaken."
This study is with the existing processing plant. When they expand the plant capacity and add ore from the newly converted illegal miners, the economics will be even better. (that 640 number must be a typo since they are already processing near 900 t/d)
The mine plan calls for only 3 year mine life for Providencia
2017(H2) 26.09 g/t, 17,014 oz
2018 29.51 g/t, 48,219 oz
2019 19.00 g/t, 30,494 oz
Their current drilling will add mine life to Providencia and improve the economics even further. Providencia is a relatively new mine and doesn't go deep yet. They said Providencia is the highest grade mine in Segovia.
Segovia Q2 was 15.9 g/t. Their mine plan calls for 2017 H2 of 16.16 g/t which is a bit better than Q2. Who knows what the newly converted illegal miners will bring for H2.
I see he still has a
huge grudge and is at it again with those stupid stars. He must have a mental problem.
menoalittle wrote:
Just released. Ha! Nevermind Marmato, or any of its other assets... Segovia alone (all by its lonesome) is worth a lot more than the enterprise value currently put on GCM by this (highly irrational) market.