RE: RE: Nice News Friday...Nice increase in ounces, although they now need to put some of the tonnes from Inferred and put them in Indicated and then put some of the Indicated and put them in into the Measured category. More drilling required, this will allow them to keep moving forward with economic analysis.
Heckler did some homework for us; their combined Mining/Milling/Smelting costs are $25.67/tonne. On top of that will be G&A and other costs associated with expansion that will eat into the margins. At say 1..2 grams/tonne recovered, they may pocket between $5 to $10/tonne if all goes well.