Post by
checkmate28 on Jun 14, 2021 9:24am
Looking Forward
Ive been hesitant to add shares since I couldn't see short any term catalyst that would move the meter and all I could see was short term dead money.
At least now were getting close to some catalyst that can move the needle.
With the new leach pad now completed, loading should commence immediately. Normally a newly loaded pad leaches gold at the greatest rate with the fresh ore. This should get us a boost in production H2
Company recently said they are permitted for 17,000 tpd but only mining 14,,000 tpd .The plan is to reach for the 17 for a $3M cost. Lets hope they get there.
Since Gold Rock production is out to late 23 to early 2024, Im especially looking forward to the increased drilling program. I think its here where they can paint the road to increased production outlook with a larger resource and mine life. Typically, they are drilling 15000 meters/year. Their going to step up to 60,000 /yr. A lot of nice targets at both property's.
Their graphs have been showing 150,000 OPY starting 2024. With the new Illipah project just press released, I'm thinking their plan is to have this property fill that extra 50K that gets them to the 150K OPY.
Comment by
lewdogg on Jun 22, 2021 3:27pm
Thanks, CM. Nice to see you're still here! I'm tempted to add more under $1 USD.