OTCQX:GTGDF - Post by User
Comment by
AuM2018on Jan 10, 2019 5:52pm
150 Views
Post# 29215343
RE:RE:red cloud
RE:RE:red cloudLikely won't see production for at least 8 to 10 years.....
- Need 1 more year of drilling (at least) for an initial resource
- Add another two years of drilling to bring inferred resources up to Measured and indicated category
- Add another year of drilling to support a preliminary economic assessment
- Add another year for drilling and to pull together a pre-feasibility study
- Add another year for drilling for a feasibility study
- Add a year for permitting
- add three years for construction and commisioning
Discovery to commercial production is a very long time......
Let's not forget all the equity capital raises along the way