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Evolve Canadian Aggregate Bond Enhanced Yld Fd ETF V.AGG


Primary Symbol: T.AGG



TSX:AGG - Post by User

Comment by jdn55on Feb 11, 2014 3:55pm
191 Views
Post# 22197161

RE:RE:let the hype begin

RE:RE:let the hype beginjunior-miner, I'm going to assume you're a newbie and. give you the benefit of a doubt. AGG is moving to full feasibility and this should be completed by the end of March and they have sufficient cash to do so. The next objective is a small scale production plant, 1500 ton per day plant, which could translate into as much as 60,000 oz per year production assuming the mine higher grade material first. The cost to put this into production will probably be in the neighborhood of $15MM - $20MM, less than a 10th of the $300MM that halfwit BP was alluding to. This is what makes AGG's Kobada such a valuable asset even if gold goes below $900 oz. Kobada will be a hugely profitable mine that has the blue sky potential to be a 10MM+ oz deposit. AGG has many different alternatives they're looking at to raise the required money to put Kobada into production and Kobada will likely be in production before the end of 2014 or early 2015, the reason being is that all's that's required to put it into production is a simple gravity mining circuit. GLTA
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