Quick Open Pit Calculation
First off I will say 2.86 g/t is an AWESOME grade for a open pit...just AWESOME!! PR today said 4000 tonnes per day x 2.86 g/t =11,440 grams per day or 11,440/31.1= 367.8 ounces per day. If we run the mill for 340 days of the year that gives us 125,052 ounces of gold per year from Goldboro...WHAT over 100,000 ounces per year! Past numbers per year for Goldboro were 45 to 65,000 ounces per year 125,000 ounces per year from Goldboro to me is a shocking number...wow that is BIG. Remember Atlantic Gold was cranking out 95000 ounces per year in full prod, had a third more shares than ANX , gold price several hundred below today, had about one third less ounces in 4, yes 4 separate deposits and were scooped up for 2.80/share. Add the 20,000 from NFLD mill and voila your 3 to 5 year target of 150,000 ounces per year....no wonder Kevin is now saying 200,000 ounces in 3 to 5 years. Kevin will definitely be fielding buyout calls after today's PR.. Next big news item will be the PEA announced today...love this as it says it all "The PEA will incorporate the updated Mineral Resource and feasibility work conducted to date, allowing the Company to demonstrate and discuss the economic potential of this significantly larger Project to all stakeholders." Well done Kevin and team! BLOW IT UP