RE:RE:RE:RE:The Crux of the MatterHey.<a class="PostUser" style="box-sizing: inherit; outline: 0px; background-color: transparent; line-height: inherit; color: rgb(46, 104, 191); cursor: pointer; font-weight: 700; font-family: Tahoma; font-size: 14px; white-space: nowrap; -webkit-text-size-adjust: 100%;">Zooloo</a>...I find myself unresolved re the future of Mirado. On one hand Stephen, for years, has maintained that M&A must be in the cards for majors are starting to run out of good prosperities to develop (after Juniors prove them up & sell). Also note that average Au grades have been declining at most mines so Au inventories are dropping. Majors are on lookout to replenish those reserves.<br /> <br /> So. Mirado could be within the sights of someone - as a matter of fact, Stephen did disclose a couple years ago, that the property was visited and looked over by several parties.I do not think, as beautiful as The Abitibi is; that those parties were there to walk the land and enjoy nature!!<br /> <br /> But I will also point out that whenever in past I discussed (emails) with CEO, he stated that what was holding up initiating the pit mining on Mirado, was achieving a beneficial (to both parties) of a custom milling contract. None were achieved as far as I know. Westwood Mill did Mirado's small ("<span style="caret-color: rgb(109, 114, 117); color: rgb(109, 114, 117); font-family: Poppins, sans-serif; font-size: 13px; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); -webkit-text-size-adjust: 100%; background-color: rgb(250, 250, 250);">Orefinders has completed the crushing phase of the project with over 26,000 tonnes of resource that will be sent to the Westwood Mill" - </span><a href="https://www.orefinders.ca/october-13-2016/">https://www.orefinders.ca/october-13-2016/</a> )<span style="caret-color: rgb(109, 114, 117); color: rgb(109, 114, 117); font-family: Poppins, sans-serif; font-size: 13px; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); -webkit-text-size-adjust: 100%; background-color: rgb(250, 250, 250);"> </span>but profitable trial mining ("<span style="caret-color: rgb(109, 114, 117); color: rgb(109, 114, 117); font-family: Poppins, sans-serif; font-size: 13px; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); -webkit-text-size-adjust: 100%; background-color: rgb(250, 250, 250);">consisting of 1,414 refined Good Delivery gold ounces" - </span><a href="https://www.orefinders.ca/february-22-2017/">https://www.orefinders.ca/february-22-2017/</a> ) whose data was used to develop the Mirado PEA, unlike most other PEA's wher estimates are used by their company's.<br /> <br /> Imagine what the PEA or Mirado, released January '18, would state today if updated to current prices. Au (current US$1753) but similar Cdn$ (1US$ = Cdn$0.709). I will also point out that a MAJOR cost of mining is energy (diesel) consumption. With oil being dn to today's price (US$29 vs Jan 2018 of US$66) the PEA will undoubtedly be so much more attractive!<br /> From: <a href="https://www.orefinders.ca/overview/">https://www.orefinders.ca/overview/</a><br /> <p style="font-family: Poppins, sans-serif; font-size: 13px; line-height: inherit; border: 0px; outline: 0px; -webkit-font-smoothing: antialiased; word-wrap: break-word; margin: 0px 0px 1.75em; caret-color: rgb(109, 114, 117); color: rgb(109, 114, 117); -webkit-tap-highlight-color: rgba(0, 0, 0, 0); -webkit-text-size-adjust: 100%;"> <strong style="font-family: inherit; font-style: inherit; line-height: inherit; border: 0px; outline: 0px; -webkit-font-smoothing: antialiased; word-wrap: break-word; margin-bottom: 0px;">"This PEA’s economics indicate an after-tax internal rate of return (“IRR”) for the project of 158% and a pre-tax undiscounted Net Present Value (“NPV”) of $30.8 million and a $20.5 million after-tax NPV at a 5% discount rate. Payback on capital is reported at 7 months. Average gold price used is US$1,300 per ounce and an exchange rate of 1.00 USD =0.76 CAD.</strong></p> <p style="font-family: Poppins, sans-serif; font-size: 13px; line-height: inherit; border: 0px; outline: 0px; -webkit-font-smoothing: antialiased; word-wrap: break-word; margin: 0px 0px 1.75em; caret-color: rgb(109, 114, 117); color: rgb(109, 114, 117); -webkit-tap-highlight-color: rgba(0, 0, 0, 0); -webkit-text-size-adjust: 100%;"> <strong style="font-family: inherit; font-style: inherit; line-height: inherit; border: 0px; outline: 0px; -webkit-font-smoothing: antialiased; word-wrap: break-word; margin-bottom: 0px;">The initial preproduction expenditure is estimated at $2.4 million to achieve first production from the open pit. The project life is three years, after approximately six months of open pit pre-stripping. The Life of Mine (“LOM”) cash operating cost is US$941 per ounce of gold, and the LOM all-in sustaining cost is US$969 per ounce of gold."</strong></p> <br />