Post by
checkmate28 on Jul 12, 2021 2:02pm
Tim Warman, Fiore's CEO commented
Tim Warman, Fiore's CEO commented, "We are pleased that gold production has trended back to normal levels and we hope to see further improvement in fiscal Q4 as we begin to irrigate fresh ore directly above the liner on the new leach pad. ** Good news because gold leashes fastest on a fresh pad. ** 0
With Pan performing well, we plan to invest in an aggressive exploration program over the next 12-18 months covering our 200 km2 Pan and Gold Rock land package, as well as our newly acquired Illipah project. Given the success of previous drill programs at both Pan and Gold Rock, we are confident that this expanded exploration program will demonstrate the longer-term potential of our Nevada assets." ** Longer term mine life means production expansion opportunitys **
Also from an earlier press release, stripping ratio should be less H2 relative to H2 should help costs.
All the while, they are putting non dilutive millions in the ground increasing the resource and chipping down the number of months to get Gold Rock to Feasibility and production.
Great value proposition now. At about 2x Cash Flow to EV
Be right and sit tight ! Set it and forget it.