OTCPK:SPVEF - Post by User
Comment by
rideitouton Feb 18, 2019 10:27am
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Post# 29378823
RE:another view Velocity
RE:another view VelocityI can see why Atlantic invested here. Similar to operational styles, with a CIL plant already established, shoring up resources to meet thier goal of 100K oz per year over 10 years is underway with alot of drilling this year. Currently they can mine 65K oz per year with a 6 year LOM plan via open pit. Looks very promising.
Trucking the ore to the existing plant will majorly reduce capex, which of course is very favourable to the bottom line. I just may consider investing here as well.
Of course, alot of investors are wondering about OSPREY properties next door to Atlantic and why does Atlantic not scoop up these additional resources for pennies to organically grow exisitng resources as they are proven. I am one of those and if anyone can shed some light on this, it would be appreciated.