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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 tgfnon May 15, 2016 9:05am
78 Views
Post# 24874523

RE:RE:RE:Joke of the day

RE:RE:RE:Joke of the day
jdn55 wrote: Tgfn  "a few more ozs???"   Suggest you d o some more DD.  43-101 resource is 2MM oz + and kobada zone 1 is wide open alongside strike and depth and there are known satellite zones of mineralisation that have not been drilled out.  Kobada has well north of 5MM ozs and will eventually be a 200 oz + per year producer.


Well,  i did my DD, so have a look at p. 15 of the FS, were Reserves are stated at 511 koz.
I am sure that i don' t have to tell you, that reserves is all that matters in a FS.
In that regard, your 2Mill oz are totally irrelevant.
If you'd take a cut-off of 0,1g/t, zhey might have 10Mill, as long as they are not Reserves they simply don't exist in a FS.
That said, still the best FS i've read lately from a potential near time producer.
take care
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