RE:RE:I’m out. Mainly. Huh? Whomever was selling you that Casino was a high-grade project sold you a false bill of goods. Yes, I know many of us were hoping for some sweet, high-grade hits to put a cherry on top of this project. But, let's remember exactly what this project is and why it appeals to the majors:
Large size, safe jurisdiction, tons of potential upside/exploration. These type of projects are the bread n' butter of the majors. OK, so we didn't hit a home run, but we didn't strike out. Worst case was that we have more drilling data to refine the project = more ounces = higher NPV. What is so terrible about that?!
How do you make up for lower grades? A $2,500 gold price goes a long way!! No worries, we are still on schedule. Management can't control the gold price or copper price, they just have to grow the resource size and the rest will fall into place.