GREY:KXLAF - Post by User
Post by
red911on Aug 31, 2011 10:13am
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Post# 18997480
Updated Magino PEA...
Updated Magino PEA...IMO the updated Magino is a pure formality to confirm 'how good Magino development will be' compared to evaluate feasibility. Why? There is a producing mine to the immediate NE of Magino deposit... RIC-t's Island Gold Mine... go read any of RIC's recent MD&As if you are wondering what Magino's operating stats will look like. That said, RIC has no where near 2M ounces confirmed... will likely expand with drilling though... that makes Magino very attractive property. Production feasibility is already confirmed... the producing model to the NE is basically makes the PEA for Magino as good as a BFS IMO.