RE: RE: Somebody is losing their marbles If you read the technical documents, you will see that production from HNE could begin as early as 2015, but the production at that time will be very minimal. Production doesn't ramp significantly for another 10 years.
See pages 393-394 here: https://entreegold.com/_resources/LHTR12.pdf
Sandstorm is only entitled to production from the Hugo North EJV (Entrée-OTLLC Joint Venture).
Another key document: https://www.entreegold.com/_resources/news/10-05-11%20IDP_and_Reserves_FINAL_2.pdf
Highlights from page 1:
• Development mining of Hugo North Extension (Lift 1) to begin Year 4, with main production commencing in Year 11
• Mining of Heruga as proposed in LOM Sensitivity Case could commence in Year 27
• Other alternative mining scenarios consider earlier production from Heruga – as early as Year 7.