TSXV:SLX.P - Post by User
Comment by
northmaton Mar 12, 2011 3:33am
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Post# 18274750
RE: RE: RE: RE: RE: RE: RE: What a hoot !
RE: RE: RE: RE: RE: RE: RE: What a hoot !Haven't been able to discover if that 3000tpd mill is actually on site. The feasibility study mentions 44 Million ounces and 9 years which is approx 5 Million ounces a year which is a $3 - $4 SP for sure...without a complete overhaul of the operations it was proposed in the Northern Miner article that a 300tpd mill running at full capacity could put out 4 Million ounces a year.Would be nice to get some clarification.Also it seems every time they stick a drill in the ground the reserves jump up and they are doing 15,000 Metres in 2011.Ounces in the ground does mean a lot to the investment community so the more steady reserve growth the better.
https://www.marketwire.com/press-release/Genco-Increases-Mining-Reserves-415-to-47-Million-Silver-Equivalent-Ounces-TSX-GGC-1109673.htm