RE:RE:Risk/Reward looks great here!Wow! you didn't take the time to protect your short! You are the King of misinformation my friend!
Mark Brennan, CEO and Chairman, stated: "We are extremely pleased that the ongoing work by DRA has resulted in a modest improvement in what were already robust Feasibility Study results. The Feasibility Study demonstrates that the Monte do Carmo project is poised to be an extremely robust project with low capital and operating costs that will generate cash flows well above its weight as a 100,000 ounce producer of gold while providing an approximate 2:1 ratio of NPV over Capex." He continued, "With the feasibility study work now completed, we plan to move to the next stage of bringing the project to development. We anticipate we will receive the construction license in Q1 2024 and hope to complete our Export Credit Agency backed financing in Q3 2024."
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Initial Proven and Probable Reserves of 895 koz of Gold (16.8 Mt at 1.66 g/t Au)
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Updated Measured and Indicated Resources of 1,012 koz of Gold (18.4 Mt at 1.72 g/t Au) and Inferred Resources of 66 koz of Gold (1.1 Mt at 1.95 g/t Au)