Proceeding It seems like the mine will finally be starting to move along. Let's hope it's now with all deliberate speed.
Berukoff is the protypical entrepeneur and he's been good at it. That doesn't mean he's the right guy to get Tuvatu up and running full tilt from here on in
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After Ian Chang played a large role in the successful guidance of Pretium Resources to the production stage, it seems he could have written his own ticket on where and with what company he wanted to work.
After being offered a position at LION, he, apparently spent a couple weeks in Fiji doing his due diligence. The fact that after doing that, he signed up, should be reassuring to shareholders who haven't had access to all of the information and the state of play as he has had.
I would bet that he's hoping/expecting to reap a lot from his $1.00 options. Multiples.
With Chang in charge of development, that should also free up our excellent and esteemed chief geologist, Stephen Mann, to pursue what he does best.
Even at US $1,200 gold, Lion makes a lot of money. I'd guess that the majority of junior gold investors believe, for myriad reasons, that the gold price will go considerably higher.
As Joe mentions in that presentation, the expectations are for more gold to be found and a longer mine life. I think that's a given,
How much more God only knows thus far.
22 miles north , Vatakoula (Mann called it Tuvatu's little brother) has had a resource in excess of 11 million ounces of gold, . Pretium Resource's Valley of Kings has a proven and probable resource of 8.7 million ounces.
Just sayin....I think its going to be very rewarding having Chang on board as chie development officer.