RE:RE:RE:Hey River: Nope, not saying that at all. TMAC completed a PEA in 2015 and does not appear to have completed a feasbility study and metallurgical ssumptions were optimistic, in hindsight. REcovery was assumed to average 91% within a range of 87 to 95% (optimistic?). Each 2% resulted in ~$55 million in NPV, so 550 million error? Same sensetivity as to Au price, ~most sensetive.
Read some literature on Gekko, it is good for varying Au garde and is a compact footprint, but is very sensetive to alternation associated with Au mineralisation and does not work well with varying alteration. Would not bode well with other deposits in range.
Newmont spend some three years designing plant in Souh Africa for Hope Bay gold deposits, then TMAC goes with Gekko. Appears management pushed Gekko; but why not utilise Newmont expertise? anyone know why?