RE:RE:2027/2028 ProductionThank you for asking.
No preliminary/final feasibilty=unknown “reserve” economics. Estimate of $1,325 all-in gold equivalent based on submitted mine plan is just an estimate. Maybe NDM is banking on potential better NPV assuming higher future comodity prices. Maybe NDM is using a permit shell game buy excluding Pebble East. Who knows. After all of this, it should not be a mystery. That’s all.
Permitting and the NEPA process have nothing to do with economics. For example, the EIS has does not state or confirm economics for it has nothing to do with assessing environmental impact.
Obviously, NDM feels the project is economic at todays prices, hopefully. Again, a PEA or NI do not provide the detail of economics to convert a resource into a proven/probable “reserve” category.
The 2027/2028 production statement is based on permitting and construction of a large and contentious mine. NDM continues to change timelines and really should just make permitting progess statements when a real milestone announcement is 100% known, and then release to the public. Even major miners who have permitted in the US are carefull to not make such conflicting premature statements.