TSXV:SLX.P - Post by User
Comment by
sonofbrunoon Mar 13, 2011 1:49am
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Post# 18277146
RE: Reserves and inferred resources
RE: Reserves and inferred resourcesFrom Anderson:
Should we go into the open pit or should we not. Now, our feasibility study calls for spending approximately $150 million to develop this project including an open pit. That might get us to 4 million plus ounces a year, but it will take a lot of money to do it. Now, we can develop underground at much less cost. I don’t think we can get to 4 million ounces, but we can do a lot more than we’ve done in the past. And it will cost us a lot less money than 150 million dollars. I don’t know that I can go into specifics here again, as it is not public information.