RE:RE:doubling the amount of gold reservesand with a gold price much higher than $1400 you can expect a nice multiplication factor... you won't see a takeover of orezone below $3.00 anymore... and expect this takeover price to get higher depending of the amount of additional gold found.
Remember p17 is not the only zone with additional gold... to be added to the existing confirmed reserves.
good luck
mercedesman wrote: mrsly0 wrote: their work is aiming toward this....
good luck
The nice thing is that when you double the amount of gold reserves, you MORE THAN double the SP, since last I checked, you don't have to double the fixed cost buildout, equipment, nor double G&A costs, etc.
Oh and higher grades just lowers the AISC and raises profits.
glta
MM