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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 13, 2014 4:38pm
267 Views
Post# 22207068

RE:Gold Grade Sensitivity Excercise

RE:Gold Grade Sensitivity ExcerciseInteresting post dmuy. One thing to note though is that even though the bulk testing shows the bump in grade I'm not sure if this will mean another official resource upgrade but I'm happy with what we have. The bump in grade will start to show itself when they actually start to mine it. It's important to note the bump really shows up in the low grade stuff. Not sure it effects higher grade material 1g/ton+ quite as much. Regardless it's all good at the end of the day as even based on the 2011 PEA numbers Kobada will be a cash machine at any gold price above $1000 oz. You are right in the assumption that our IRR will improve hugely from the PEA numbers based on what the bulk sampling is telling us. GLTA
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