RE:RE:$/ounces ES has talked about this and I believe this is why he bought a large position in FVL. Even at todays gold price, there is a $1,000 per ounce profit in the existing PEA of .69g/tonne resourse. Once the new 43-101 is complete and capital costs and reduced taxes are factored in there will be a 10-12 billion profit to K if they buy it. Add additional ounces from the 2021 drill program and it could double. Go even further and assume the call for $2,300/ounce gold happens and it triples.
Now i know this is optimistic. but as we can see and as ES has said " everywhere they drill they find gold". True that!