RE:RE:RE:RE:Skeena is dropping…AlwaysLong683 wrote: "...where are the costs for IAU?"
1) Where are the proven and probable reserve numbers for any of their new projects?
2) Still doing exploratory drilling and assaying on their properties, which costs money.
3) Still haven't completed preliminary economic assessments on their projects, never mind a pre-feasibility study or feasibility study to get an estimate of the economic viability of a given project.
4) Loan Tree: estimated cost for the retrofit of autoclave: Over $200M
5) Ruby Hill: Cost of mill retrofit?
6) Other infrastructure costs such as creating roads / accessibility to Ruby, Blackjack, Hilltop, etc. etc.
For me the difference is that IAU may go higher moving forward, versus Skeena moving higher without a doubt... Write both stock prices down today and revisit this conversation around Halloween to see the rest of the story...