Gold hits $2000 Sweet....Remember...the feasibility study was done with $1500 gold as the base case. Here we are $500 higher. That's 33% higher. Even if the cost of the mine is up 20% the financials for MOZ are even better than they were. Imagine $2500 or $3000 gold. Multiply the difference between $1500 and $2500...a $1000 times yearly production of 175,000 ounces per year....it's an extra $175 MILLION right to the bottom line vs. the original feasibility study. MOZ would be pushing $300 million in profit at those prices. Even if there are 300 million shares outstanding that's $1 per share in earnings....put a 10x multiple on that and you have a 5x bagger US.
Going to be a windfall too for I-80 gold which aims to be the second largest producer in Nevada with a goal of 400,000 ounces per year.
I'm encouraged.