RE:Profit from a 50,000 tonne bulk sampleI'll put my 2 cents in too.
PEA shows 24,000 ton bulk sample. PEA shows cash cost of $595 per ounce over life of mine. Will be somewhat higher to truck to outside mill and pay processing fees. But not that much higher - maybe $35 a ton higher. So cash costs are $630 an ounce PEA shows $1,700 pog per ounce. At 9 gpt (Conservative based on jewelry boxes excluded from RE) you get 6,923 ounces for a cash profit of $7.4 million.
At 50,000 tons the cash profit works out to $15.4 million.
Gives a nice cash cushion towards the end of 2017.