One Year AgoSP was 28 cents with 348 million shares outstanding. We're now at 79 cents a share. Next year at this time the SP will triple again just like this last year.
10 to 12 drill rigs will be in operation starting January 1. In a year, we will know the drill results from Lamaque Deep and the gold rush challange targets. #4 Plug reserves will be firmed up. The Sigma mine 2 million ounces will be drilled and confirmed. Drilling will target ore bodies found by the wedges in Lamaque Deep. Expect 4,000 ounces per meter down to 2,000 meters (3.6 million additional ounces).
Another plug like Triangle found drilling the gold rush challange targets will send the SP soaring.
The Triangle ramp will be completed and the bulk samples processed thru the mill. Underground drilling at Triangle will upgrade ounces to proven and probable of 2 to 3 million ounces and still open at depth. A FS will be underway with plans increase the mill capability to 5000 tpd producing 400,000 ounces per year with production to start in Q3 2018.
One year from now and reserves could be 8 to 10 million ounces and the SP at $3 to $5.