RE:RE:RE:Life of Mineyou are only subtracting. where is the addition of oz from exploration drilling?
https://www.stockhouse.com/news/press-releases/2018/11/13/roxgold-reports-2018-exploration-results-at-yaramoko
they are running 7 drill rigs. that has to be adding ozs.
"It isn't especially fair to compare a growth stock to a situation like Roxgold where the biggest excitement you can expect is news about ordering and accepting delivery of new sparkplugs."
adding Bagassi is growth and not just changing sparkplugs
news release says they started a regional drilling program. plenty of cash to drill the large land package. they stated new drill targets
Haho returned encouraging anomalous results, including 12.8 gpt over
1.5m
drill rig testing the high priority 1.5 kilometre long, linear soil anomaly at Kaho before moving to other high ranking targets in early 2019. templetooth2 wrote:
10 years?? I think that's optimistic. The company hasn't updated reserves at 55 zone since year end 2016 when they stood at 1,085,000 oz. Company produced just about 127,000 oz in 2017 and are on track for 141,000 oz for 2018. So, 268,000 should be deducted frrom 1,085 k yielding 817,000 oz. If they keep mining 55 at the rate of 140,000 oz per year, mine life is then about 5.8 years. One should make an adjustment for "only" 98% recovery of ozs, but close enuf. Bagassi South at 40,000 oz per year should be a little over 5 years with 188k oz indicated and 33,000 oz inferred.
These numbers do not give credit to anything below the 1100 level at 55 or anything beyond the QV' zone at Bag South.