GREY:BKSLF - Post by User
Comment by
Mining_Engineer_UBCon Jan 03, 2014 12:57am
245 Views
Post# 22054923
RE:what's up ?
RE:what's up ?
Respectfully Citiric, I highly doubt that they are witholding news pending a change in gold price. The price of gold is currently at about CAN $1315 and the PEA on the yellow giant property used a CAN $1360 (if my memory is correct) and had an incredible IRR at that price ie there is still plenty of meat on the bone at CAN $1315. A few minor things have changed since then, but the short story is that this is a very high grade deposit that should be very profitable at current prices and therefore stalling for and unknown amount of time to make a strategic decision based on gold price does not make sense to me. I would consider it far more likely that we will receive an update within the next 1-3 weeks.