Drill ResultsI think we likely see a lot of drill results over the next 2 months before the September 6th lock up exclusivity period end Anglo has on Corvus. 1.1 Million ounces was just the baseline. Maiden resource coming 24 hours after the Anglo unsolicited bid for Corvus shows there is a lot going on behind the scenes. Everyone seems to be practically blacked out over the last little while. I believe the team will try to demonstrate resource growth here as quick as possible by extending the pit with drill results. The hanging wall is open along strike for 1 km west. I see them taking down Ladd Mountain (western edge of existing bullfrog pit) to bring in new ore for an extended resource pit. People may say the grade is low but the grades are better than Corvus' North Bullfrog heap leach project where they have already demonstrated an AISC of less than $800/oz with an IRR of near 50%. That's the beauty of the oxides and heap leach process. It's a cash cow just like the Round Mountain mine to the north east of this district where they process grades as low as the ~0.2g/t range. legend Pierre Lassonde said anything with an IRR of 50% will get built. Nye County is one of the best places globally to permit, build and operate mines.
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