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Eagle Hill Exploration Corporation V.EAG



TSXV:EAG - Post by User

Comment by tomgraniteon Jul 02, 2015 9:59am
154 Views
Post# 23886009

RE:EAG only has mostly highly speculative inferred resources

RE:EAG only has mostly highly speculative inferred resources
brmac75 wrote: And needs way higher gold prices  just to be economically viable.The PEA says that. So nothing will be built here for years if at all while other small Quebec mines have shut down. Quebec has high union labour costs. Remember Century mining, Conway etc? this one is just tiny.


The Pea says that the all in cost of production is $536US. Current gold price is $1170, why does it need to be higher to be economically viable? There is room for expansion with more drilling.
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