GREY:CLGRF - Post by User
Post by
cre8valueon Mar 05, 2013 8:40am
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Post# 21078781
5 YEARS to mine out the high grade gold at Santoy
5 YEARS to mine out the high grade gold at Santoy Santoy Gap has 281,000 oz of high grade gold at 8.8 g/t.
At a mining rate of 55,000 oz/yr it would take over five years to mine out just the known high grade from Santoy Gap.
So, if ALL exploration stopped (Santoy Gap exploration is open) there would be 5 great years.
This is for Santoy Gap high grade only.
Remember that the L62 ALSO has a high grade that is now accessible with the newly completed shaft.
This company has very good assets. Don't write it off just yet!