RE:open pitIn reply to your query , As i understand it , all the past and present news releases and presentations state that the focus of GGO going forward is firstly, the bulk sample ( once permitting is in place ).
After , the successful bulk sample is completed , funds will be made available from the proceeds to continue with a profitable underground mine > open at strike .
While a profitable underground mine is underway, drilling out the property to delineate an open pit mine will commence . ( remember less than 10% of the property has been drilled )
So, the prifitable underground mine specified in the recent PEA will fund the further drilling of the property , whichl in all likelihood will delineate an open pit mine .
That's my understanding ... So, this has a long way to go yet > however ; it's not to say that a buyout potential isn't in the futture .