RE:RE:Great numbersIf memory serves, the payback on #4 shaft was 2-3 years. I'll find the number.
WRT shaft #4, keep in mind that Makuch said with shaft #4, costs at Macassa would be "equal or lower than Fosterville. Macassa as of 2017 had reserves of 2.03 million ounces averaging 21 g/t, and resources of 2.09 million ounces averaging 17.1 g/t. That's nearly 20 years at current production rate, or 10 years production at shaft #4's predicted 400k ounces/year. Then we start talking about the continuing long high-grade hits Macassa has reported, this year, since the 2017 report, and the fact that shaft #4's eastward-location will make further exploration much easier and less expensive (it is a 1/2 hour drive from the currently-used #3 shaft, to the exploration drill bays). The other historic mines of KL township - richer than Macassa at least back in 1900-1960 - are to the east.
BTW, I did note, in the Q3 MD&A just now, that KL is saying the Fosterville reserve/resouce update will not be out until Feb 2019. This update will be current as of 12/2018.
I know I rant a bit, WRT KL exploring under the other mines of Kirkland Lake township. But I am really looking forward to it, and shaft #4 is a big step towards making that happen. I do expect there will be additional "Swan Zones"; but the simple fact is that the data are even stronger indicating that there are additional "Macassas", east of the present Macassa, deep/south of the other old mines. Particularly Lake Shore, and Wright-Hargreaves.