RE:RE:Share Count - Dilution - Margins - DrillingNice analyses blue and GH.
The indicated and inferred 2.4Moz mentioned at Sigma / Lamaque mines looks to have a low cutt-off. Perhaps this is why the 2.4Moz is not mentioned in the current PEA; this gold certainly isn't reflected in the SP. But mining at a low grade as this can be profitable. Others here know much more than me about this.
Also, I assume Lamaque Deeps drilling has begun. Perhaps we will see some of the drill results in the next PEA and / or RE.
If Lamaque Deeps shows strong drill results, that $1.40 SP could easily see $2.00 I suspect.
The longer the wait for the PEA the better the NPV.