RE:RE:Christmas vacationSaturday morning coffee.
Sure....I can live with that....give us some great results with the signature of Pit #3. Insider buying (which we did not see in the latest Financing - hmmm.... a little out of character....do they know something material that they have yet to share?) and big upward movement in the stock.
Remember folks we still have two pits and 1.1 million ounces to be mined. Environmental Permit is in hand for that already.
We will have an undated resource in the new year (awesome!!) that will actually add ounces to the two pit as there is some drilling that was never included in any resource estimate (geo tech drilling in West Pit Oct 12, 2023 PR and East Pit drilling PRs July 6, 2022 and March 8, 2022). So with this drilling, we could easily have 1.5+ million ounces in the 2 pits in the updated resource estimate!
How many ounces did all the west drilling to Dolliver Mountain add? We had some great results in these PRs Sept 12, 2023 and Feb 23, 2023. Now we wait for the bulk of the drill results from the west drilling. Show me the makings of Pit3. Pit 3 has potential to double what we have in Pits 1 and 2!! Do we now have 3 million pittable ounces and 2 million underground to show 5 million ounces with HUGH growth potential for underground mining?
We recently raise FT cash (to only be spent on exploration)...do they really like what they saw in Pit 3 area and want to drill some more?
Remember the current Fesibility Study has this noted for the 1.1 million ounces in the 2 Pits:
- At a gold price of $2,200 (~US$1,760), Goldboro could generate cumulative after-tax net cash flows of approximately $684 million, an after-tax NPV 5% of over $442 million and an after-tax IRR of 31.7%.
The BEAST WILL CONTINUE TO GROW.