RE:SprottWhy wouldn't Eric keep buying ?
Lets take an example of how much money can be created at 23,5 grams per ton which is what Fosterville does and which Queensland is every bit it's peer in grade and rapidly incrsseing its strike to
parity with Fosterville .
So, let's take the modest Point Rousse mill and its 425,000 tpa processing capability.
At 23,5 grams per ounce, it will recover about 300,000 ounces per year which @ $2500 CAD per ounce would amount to about $750 million in anual revenues and over $400 m in operating earnings .
Illustrative yes but not unrealistic.
Virtually nothing has been drilled below 350 m at Queensway but Fosterville is heading below 1000 m..