RE:RE:Employees?Hmmm... only a portion is at 1850. Did you ever think that's why it's trading at .62 instead of $2?
But, the market is forward thinking. Currently the mine life is 18 years. After the drill program the mine will have a life of 30 years, with substantial amounts of gold found the deeper you go. They will expand and go underground and at that point you will be wishing you could go back to this day.
"We believe Magino has the potential to be one of the largest and lowest cost gold mines in Canada. To achieve that goal, we are embarking on a 12-to-15-month drill program, leveraging off of the 2022 drill program that significantly increased our open pit resource base. A portion of the drill program is designed to convert open pit resources to reserves to determine the optimal processing rates for the mine based on an expected larger reserve base. The balance of the program will test the high-grade deep potential as well as the potential west along strike," said Richard Young, President and Chief Executive Officer.