RE:RE:RE:RE:RE:RE:not much reaction?gold_Gold_GOLD wrote: Clearly they are going to need money. Budget 30 mill for everything they need to do. -which isn't going to happen. Any best guesses here? Raise a smaller amount to drill more this summer? Get some of that inferred into the indicated? More drilling below red dog?
Page 19 of the presentation suggests that $30.6mil will get us to Feasibility (Bankable?) stage. This also includes expanding the resource so maybe the economics will be better by the time we get to production. I guess the cheapest way to add value is to drill to the West which has already shown some decent results. The portal that they intend building at the West would probably easily help mine that deposit, so that would up the mine life and overall size of deposit.