Post by
Coinfan on Jan 19, 2021 6:34am
google translation from German Chatroom / ZoomCall
here a google translation from post in German Chatroom about the Zoom presentation: The Zoom Meeting was very good and informative, with almost 30 people mainly from Germany. You can expect significantly more "shares" to trade in the next few days. It was interesting that Dr. Webb once again explained the potential of what is available. If you start with a 100 T / D Mill, 25,000 ounces of gold should be produced per year. This can then be expanded over the next few years. Increase to 300 T / D and to 75,000 ounces / year. It was also interesting that you currently only go down to 25 meters at the start, but the potential goes well below 1500 meters, so there could be a lot of gold to mine. Another essential point is that you can expect very low production costs, even with a relatively small production. He indirectly indicated that production costs could be less than $ 500 an ounce. This is exactly how the Giant and Con Mine started with Dr. Webb also worked as a development and production engineer / geologist. The Dr. Webb has a better understanding of production, that's a key point. Normally, geologists have an idea of exploration from explorers, but less of production. That is why the explorers are usually taken over by other companies that have more know-how in the organization of production processes .. At Sixty North I'm in good spirits that we will see over 1 dollar in the share price in 12-16 months .. The grades that are available are crazy up to 688 g / T gold is already a word.
Comment by
Investor2021 on Jan 19, 2021 6:43am
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