Comment by
givemeabreak1 on Jul 06, 2022 11:25pm
Mr B On a side note Sirios is likely better compared to Victoria Gold but years behind. Victoria's forward guidance is AISC of $1225 to $1425. That would put there true AIC between $1500 and $1600 an ounce which seems to be in line with the numbers I came to in the GSV comparison! Needless to say that assumes that one day they will have reserves!
Comment by
givemeabreak1 on Jul 07, 2022 2:00pm
The amount of drilling is a matter of what drilling counts! For example you could drill 20000 metres step out and come up with nothing. As I recall, Victoria gold did some 150 holes infill drilling alone within the boundaries of the pitshell to prove up their resource.........
Comment by
Borealiste on Jul 07, 2022 2:49pm
bien entendu give il n y a pas de limite,, tel que osisko qui en ait a des 100 000 metre si c est pas un millions ,,, mais c est pas un absolu necessaire pour developper ou etre vendu,,,, La question est combien pour la fosse tel que connue et ainsi vendable avec une reserve
Comment by
givemeabreak1 on Jul 08, 2022 2:24pm
Mr B This is not that saleable with the current price of gold! Victoria, Kinross, IamGold etc all have costs in the $1500 an ounce range. Assuming Sirios at best will come in that cost range ther is no value. You are not going to risk 400-500 million for such a low margin return! Gold has to be above $2000 and they need to go from resource to reserve!