RE: 43 - 101 - it's a ten bagger they sayVery Interesting Goldfinger. A few weeks ago, I completed a very basic analysis of possible gold production based on the current NI 43-101:
Based on production at 1500tpd and 1.5g/tonne (based on the 200643-101), we will see a market cap of $100M plus when this Co kicks intoproduction mode and starts to publish their results.
Currently, basedon a 7 day work day, MJSwould produce 506 troy ounces of gold/week. That's about $29M worth ofgold/year.
That would be just over 26k oz/year of gold produced. Knowing MJS wants to increase processing 400%, that would bring their gold produced to 104k oz/year. So, the German mag has production levels similar to my estimation.
If the new NI 43-101 has a greater gold yield/tonne, then things get even better.
All in all, this company is on the cusp of substantial things coming in short order.
...and yes, RY, I would certainly buy drinks. Book it. :)
B