RE:Reacting well to the FC "Zeus" NRGood points about depth and to turn to open pit operation. They need to become profitable before any new mill built at FC.
True North has to deliver this quarter imperative, but is now no longer "an alarm bell" with FC having the potential. I always said FC was in top 5 North American mines for grade quality.
As said, the FC results are quite good and show that FC can remain a long life asset as it expands in all directions.
Hopefully prelim. Hatter #s released before January 1st to give another boost to SP. Yes SP has another 30 % to make back before the Oct 16th sell off began EXACTLY a month ago. 30 % is still big.
But the results are quite bullish. If they can make guidance (which is still discounted out), this goes back up another 20 % for sure.
JIN
goldminer01 wrote: up 10 %, but does not begin to offset massive 40 % plunge starting from 6 weeks ago when it was close to $US 4.00.
They must come through as they expect. 0.3 OPT from TN, Hollister running smoothly, not messing up and taking attention at Midas mill !
They have just begun to detail drill this area around existing veins. If they discover another "Zeus" or two, then the new mill goes in at FC.
Further, this stuff is close to surface from what I can tell from the drill results.
Makes Hollister less important now. Especially if they don't get at least 0.7 OPT ore.
I would just truck Hollister back to Aurora mill for now and concentrate mostly on FC.
Actually bulk of the CAPEX went into FC so they may already have been moving in this direction.