Substantial Reduction in Capex for HD Mine..Updated FSSo, relative to the $75 million required in the 2022 FS, there will be no need for the $30 million to upgrade the Nuggett Pond mill.
Also , mined HD ore will be directly shipped to the Pine Cove mill
This is because the high tech ore separator will not be acquired at HD as it loses 5% of the contained gold which at current gold prices.
This will save another $12 million.
Further, little new infrastructure wil be required at the HD mine with direct to mill ore, which will save another $,5 million.
Total capex savings will be in the $45 million range , leaving just $30 million needed for the HD mine.
And test mining will reduce that even further .
So we are in very good share will substantially reduced costs to begin mining HD once the updated FS
is completed..