RE: RE: Fortune's GoldThe ore reserves are contained within a larger Mineral Resource inventory, which at lower Net Smelter Return (NSR) cut-off value sensitivities, contains in excess of 57 million tonnes. A significant amount of these lower grade resources will be mined to access the ore and can be processed during periods of higher metal prices.
the updated resource estimate will increase reserves and metal content but by how much? your guess is as good as mine... is it fair to say we are well on our way to a million oz deposit. We've come a long way from $525 an oz gold.. Bismuth prices will increase significantly as well.
Finally I see management executing some kind of plan as far as raising the value of the stock goes. First they'll raise the reserve estimates and then they'll recalculate the NAV. i bet you the Paribas straightened management out in regard to increasing the value of nico.. I hope they give them some advice on how to market mount klappan as well... The guy that couldn't shoot straight is finally getting their act together...I'm pleased...