RE:RE:RE:RE:RE:RE:AuraOne thing I highly speculate on is that EGX wont be sitting at .035 very long. The test work they are doing now will greatly improve the lower capital costs associated with Leach mines and is work that the buying company wont have to do. Cutting time for them to do this work themselves and paperwork that needs to be done for the gov't. With the MET work done last year, it was a 50-50 chance of improving the Cu rate that they wanted, which they did at the expense of gold but, improved resource values by $1-$2 billion dollars. Here they will be trying to improve the speed at which they recover by strategically placing the mine site as well as the mill. If they can improve the recovery rate and cut the mine life from 14-13 years, it is going to save someone a lot of costs. If they can decide the best placement for the mine, it will save of costs of deisel for trucks, ease of water access and costs for the mill itself etc...
I think the market willl respond better to these works than they did with the MET works. We should hear something from EGX within the next 2-3 weeks if they plan on getting the PEA out in this 2nd quarter. Time will tell... Good luck all and keep doing your DD.