RE:Point-Rousse selling dealFor sure a bargain for MAE.
We need Rob and Kevin to come thru with the Goldboro financing to shake us out of the orphan period of the Lassonde Curve. We are in the waiting period of the curve and it is painful as noted by the share price.
Hopefully we will have the financing announcement in September so we are not delayed with the construction of the Goldboro mill.
We also have the updated feasibility study which should hopefully not be too bloated due to inflation (300 to 310 million is my guess for the new price of the Goldboro build).
The new study should bring us to probably 1.25 million ounces total pit ounces from past pit wall drilling where they found good ore (previously noted as waste in the last fesibility study). So the new pit ore should offset the increase in the build price.
We may add a few more ounces to the pit ounces as they are going to drill another 1500 meters in the pit deposit areas as noted in this piece from the June 14th drilling announcement PR. All good but will this delay the feasibility study?? I hope not!
In addition to the 12,000 metres of growth exploration diamond drill program, the Company is also undertaking 1,500 metres of diamond drilling within the existing Goldboro Deposit to provide additional geological and geotechnical information to inform an updated Mineral Resource.