RE:RE:RE:RE:Seeking Alpha articlefirecracker74,
I am basing my cost estimate on Table 21-3 of Pershing Gold's Feasibility Study in which total pre-production capital is $21.62 million USD. I believe that part of the $38 million capital cost in the NR includes items such as the $6 million USD heap leach expansion, but that doesn't happen until year 3 of production. Same story on dewatering the open pit. That is a phase II cost. So knowing Blasutti's talent is to find a way to minimize costs, IMHO he will get Relief Canyon up and running for $25 million USD which leaves him enough cash to fully fund Scorpio Gold's plant for reprocessing heap leach tailings. IMHO, this is the next logical acquisition, because it would provide Americas Silver with a second gold producer in Nevada, and a fully permitted underground mine and process plant.
The gold recovery curve on Relief Canyon ore is 60 percent of the leached gold recovered within the calendar quarter that leaching started. So IMHO, gold production may start at Relief Canyon as early as Q3 2019, and he won't declare commercial production until Q1 of 2020 when the ADR plant should be up to full capacity.