Keats Trench 11 Grades average 3 ounces per ton Unbelievable and the richest by a million miles that I have seen in my 40 years of gold investing.
Just imagine taking a very small 10,000 ton bulk sample for toll milling at Pine Cove..
30,000 ounces @3700 cad per ounce = $110 million cad in revenues ...15% net to MAE for tolling which is about $17 million .
Just 10 days milling time @ 1300 tpd ......almost pure free cash flows to MAE..
Iceberg Trench looks every bit as rich.
Pine Cove can mill 450,000 tons per year .
It's impossible that NFG will not use our mill and nearly impossible that they won't make us an buyout offer..