Transcript of Greg's interview released today
https://www.youtube.com/watch?v=GkXvMsG__3M
Greg Johnson
2:45-4:00
"System of exceptional scale."
"Some of the highest grades of a porphyry system in the industry."
"These results we just published would rank in the top hits for any project in the US or Canada.
In fact,these are some of the biggest hits i have drilled in my career. They are comparable to the early days at Nova Gold....
Very exciting to see these results we are publishing today."
5:00
"Truly spectacular numbers.......
Completely open to the north and completely open to the east......and the depth is open to the south,as well.
These kind of numbers-just to put them in context- are comparable to some of the strongest numbers in the industry such as Filo and others
down in South America.Not quite as wide an interval but we didn't get to full target depth yet.Next holes will really test the actual width of this zone and these are
truly spectacular intercepts that are setting La Plata really apart in the industry,especially with a SW US address in terms of low political risk."
6:30
LP Updated resource update due 2023 mid-year.
Should increase resource and increase total contained metal.
Follow up drill campaign being designed now.
Step out drilling/off set holes being determined/designed now.
Expect a very exciting year.
Keno-Hecla going into production Q3/Q4 2023.Hecla's number one asset in terms of grade.
Huge development for the Keno district.
Caribou bulk tonnage drill results pending.
Finaalise the modelling.
Initial resource estimate due in mid -year 2023.
Exciting time for this project,as well.
Over the next 2-3 years we will grow, de-risk and prove up the projects using the Nova Gold Model.
$10m-$3B increase in value over ten years with Nova Gold.
Assets in MMG comparable to Donlin and Galore Creek in NovaGold.
MMG alluvials in the Yukon is the Nova Gold Model as we had a sand and gravel business in Alaska that allowed us to explore/ purchase those NovaGold projects.
Parker is drilling 400 holes this winter,begins pre-production in the spring.
Expand with Parker and/or bring in more experienced operators.
This will be the property that they are mining (filming) on 'Gold Rush'. Metallic will be highlighted in some fashion in this process.
Permitted and ready to go.Up to ten more operators.
10-15% royalty.
Permitting 8-10 miles now.
Picked up more land and built a portfolio.
Funding,cashflow.
We can spin this out to shareholders or sell it to a big royalty company.
We can be right place /right time with three separate projects.
Core shack at PDAC showing the core samples from La Plata. Have a booth and will make a presentation.
These numbers reported at LP really put the project on the map.
Assets of this scale sport MCAPs in excess of $100m-$400m-and higher.
Much of our current MCAP of $40m represents the valuation of Keno,alone.
La Plata is an add on to that value.
This is a world-class system based on the footprint and grades.
This is a real opportunity.