RE: RE: RE: Zip There are always sellers on news...but there are also buyers based on the quality of the news. If you are trading...and have short term objectives...it might drop.
But for my self I'm staying for the eventual buyout.
I'm guessing thet add 1 million ounce to both catagories this year.....that would add major value along with the PFS.
Heck they took a stab at it in this report.
"mining costs estimated at US$2.00/tonne, processing costs estimated at US$12.00/tonne and general and administrative costs estimated at US$2.00/tonne."
That's 14.00 per tonne.
We ahave a grade of 1.26 grams a ton.
with 31.103 grams per ounce.
So
1800 / 31.103 = 57.87 dollars per gram.
1.26 X 57.87 = 72.91 per ton.
72.91 - 14.00 = 58.91 profit a ton......
and if gold goes to 2,000 wow it really gets much better.
Lets see someone compare those numbers to any open pit mine and tell me we are nit going to get bought out. Way higher then where we are at currently.
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