RE:RE:RE:RE:Rocks Totally agree Heywood.
They could play with the cutoff alone and get close to 10 million oz.
With the price of gold at these levels so many options open up. The 1.2 million oz in the 2019 PEA was to show efficiency in pulling out 1.2m oz in just phase 1 alone with a base case $1275/ oz.
Also, they could just as well dust off the 2017 PEA ($1250 POG case) and pull out
- ........ the First Zone has a(LOM) production of approximately 2.2 million ounces of gold and 1.5 million ounces of silver.
or from 2012 PEA @ POG $1400 base case
- A 15 year mine life producing an average of 197,000 ounces per year of gold for the first 14 years and a total life-of-mine (LOM) production of 2.8 million ounces of gold and one million ounces of silver.
Its great to have our first bashed though! Likely means we're on the radar of someone wanting in!
GLTA