GoGold Resources Inc T.GGD

DFS update

[impega]

At least 12 years of underground mining at Los Ricos South! No open pit permit required. This should pave the way for a significant leg up. Fuel costs declining and interest rates falling at the right time too. Good time to add cheap shares? Anyone buying at $1.05?

[oilisswell]

Although the DFS update is good news, the SP won't reflect the potential until the permit is in hand! I suspect the permit won't be forthcoming until such time as the newly elected government takes over, and they willl have a chance to look through all the pending requests. That could be months away. In the meantime, GGD is moving forward with power and water, and have secured the land

[sosgood1]

Ditto that. There is virtually no scenario where they DON'T get the permit.

[narmac]

,,yet the all-in sustaining costs seem to be following the price increase of the metals,,,,,these costs are rising as fast as GGD can get the goodies out of the pile!,,Not sure what this cost will be under ground,,they wont be less ,,and you can take that to the bank imo!

[oilisswell]

Hard to compare Parral (tailings pond) which has a relatively low metal content to LR S which has a very high metal content. I would expect the AISC to be far less with LTS in spite of the underground nature of the mine. LRS is expected to produce about 8 million ounces eq, per year so around 4 times Parral!