RE:Grade of Strike at CheechooSo my other long PM stock is USA.TO , these guys picked up a gold project (relief canyon) which is ;• Expected annual production of ~90,000 oz Au at AISC of ~$800/oz over an ~6 year initial mine life1 • Pre-tax NPV, 5% of $154M at a gold price of US$1,290; P&P reserves of 653,000 oz Au2 • 27.2 Mt of 0.75 g/t .
https://www.newswire.ca/news-releases/pershing-gold-announces-positive-feasibility-study-for-relief-canyon-684039561.html gold at 1450$usd puts this project at 217 million usd.
Not exactly apples to apples but good enough for perspective...SOI should be trading at at least 60, 70 million market cap as it stands today, jmo of course. Any project I look at with similar grades has robust economics given POG is at 1500$...if POG keeps going....2000$ we ll be as good as gold boys. My take is everyone is chasing these high grade stories while Doucet is derisking this project one puzzle piece at a time.