Trying to figure out CONTENTS of PEALooking at presentation and listening to Pascal's presentation here's what i'm coming up with...
Presentation has no more drilling at Moroy and Pascal mentions it's ready to start minning...Moroy and Bachelor have a combined 160,000 ounces in the M&I category at a combinrd grade of 5.5 gpt...The mil capacity of 800 tpd would give Bontera it's first 3 years of pouring gold at a 50,000 ounce a year and AISC should be lower as it's all onsite no long haulage and no initial need to spend the $20 million for road upgrade to mill...This move would buy time for Barry to get established and Gladiator before and would generate some cashflow to reduce the heavy dilution for mill upgrade...we will need money for infill drilling and feasibility study and underground infrastructure at Barry and Gladiator...but I believe this would be the best path for Bontera...time will tell ...glta