RE: Low Cost Maud Creek Mine Worth $150 million As you have already pointed out, there are several high grade ore bodies very close to the Union Reefs mill that can quickly boost gold production and bring down cash costs, besides the Cosmos u/g operation.
Here are some of the intersects from your post...........................
Cross-course............11 m @ 10.62 gms/ton and 9m of 24.4 gms/ton
Prospect....................3 m @ 37.5 gms/ton and 4 m of 27 gms/ton
Lady Alice................5m @ 31.97 gms/ton and 3 m of 45 gms/ton
AS for the Maud Creek deposit, you have also pointed out that the underground ore body begins immediately below the shallow open pit and can be initially mined directly from the floor of the current open pit.
There is a high grade section, which has 628,000 oz at an average grade of 6.3 gms/ton.
This will probably be the first section mined and will be a very low cash cost operation, given the high grades and easy access.
Production is scoped to be around 500,000 tpy which would produce nearly 100,000 oz per year from this high grade zone alone.
Most recent analyst targets for CRK range from $1.30 to $1.75.
I see no reason why we should be negotiating with Luxor unless their offer is above $1.