RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: No
Based on Danial Earle's comments from early July
"In light of drill results released subsequent to our initiation of coverage on
April 28, including those discussed above, we are increasing our conceptual
resource estimate for the Magambazi deposit to 3.1 million ounces grading
3.4 g/t gold. We increase the scope of our conceptual project model to reflect
the larger forecast resource and now model average production of 288,000
ounces per year at total cash costs of US$261/oz over a 10 year mine life."
With the ongoing contunied success with step out drill drilling I am thinking we must be pushing 4 mil.. The next drill results should confirm that assumption.