RE: RE: RE: RE: RE: RE: Going down Mr. Tyler "Hammond Reef is a big distraction in the market as well. Market has turned bearish on the asset very quickly as the likelihood of it getting built is probably zero (unless gold goes +2000/oz)"
That is an interesting comment. Based on the latest grade and strip ratio announced what do you think the cash costs would be for Hammond Reef? Based on $1500 gold price what is your calculation of NPV and IRR. Obviously your caculations are completely different than mine as I certainly don't see a $2000 gold price required to make it a very profitable operation. Although grade is lower than intially expected the strip ratio of 1.25 would serve to provide some robust economics to this project.