RE:RE:RE:Lockdown: RCG DELAY
Gold price is still within the $1000-$1400 range described in the PEA.
The PEA uses $1250.
The average from Sept 2013 to May 2019 is $1247/oz
In a nutshell nothing has changed since the PEA was first published in Dec 2016.
If gold was a sure thing then RCG could have financed operations by selling gold in the futures markets.
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Notes:
1) $1247 average is based on the monthly closed from Sept 2013 to May 2019
2)
PEA pg 189
19.1.1 Gold Price for PEA
For this PEA a gold price of $ US 1250 per troy ounce has been used. As illustrated in the kitco.com chart below, the price of gold has been between $US 1 000 and $US 1 400 per troy ounce for past three years.
The PEA uses $1250. Loonie 75cents
PEA available on SEDAR
Original Dated December 30, 2016