RE:RE:Major rumours from Major miners...Phew - how did you get the Numbers of 10 Mio Ounces within a Year ?
Seriosly - Now we have ( at least conservative Number of under 3 Mio Ounces inferred ) after working for 44 Years ! and the total of 824 Holes and 249.000 Meters drilled.
Now they are going to add around 18.000 Meter - maybe 50 Holes - thats less then 10 % of total Work they have done so far - for the next Resource Update.
I can,t see anywhere near to 10 Mio Ounces in this Case.
Big Question is how fast Agnico and Maple are planning to prove the Resource. Winterdrill Programm is about 3 Million Dollars on the Costs of Agnico - so there is just 1 Mio to spent left from their Side before Maple have to carry 50 % of following Costs. Are they in a Hurry ? -
They have to drill with a much bigger Programm then the 10.000 Meter to get these significantly grow.
Depending on the Results - we will see what they want to follow up with - and how fast they go forword.
Personally i would be very happy to see this scratching 5 Mio Ounces and a MKT of 300 to 500 Mio within the next 12 to 24 Month.
Waiting for the first Patch of Results will show the Direction.
Best Luck