Post by
Angelique01 on Dec 21, 2022 11:02am
IAU has Tiger by the Tail. Something Special Happening
Key Takeaways from interview with Allan
Young Barrick.
Tremendous 2022 year for IAU . Will be a spectacular 2023. IAU on to something special. Have tiger by the tail.
Mining infrastructure worth 1 billion.
Company has scarn, and CRD and possibly porphry deposits
Ramp up drilling in January.
2 world class projects simultaneouly being developed and explored
Granite Creek and Ruby Hill. Unheard of.
3 new discoveries of base metal discoveries on 12 holes on Hilltop area
Granite Creek was no 1. project 600 metres strike length wide open same structure as 25 million ounce deposit to the north wide open to the north
had 100% hit ratio in drilling at Granite Creek Started with Ogee and then South Pacific
Then along came Ruby Hill and Ruby Deeps , 426 zone and CRD and Blackjack. Ruby Hill now flagship.
Higher grades than any base metal operating mine in the world
Metal grade is $1,000 to $5,000 per tonne especially Upper Hilltop zone
Margin is King. CRD and gold operations.
Options galore at Ruby Hill. Easy access to high grade gold
Stage building approach
Moving to Feasibility Study at South Pacific, UG drill program. At Cove major drill program to move to full Feasibility Study, Permitting process at Ruby HIll to bring to full FS. All 3 projects to full FS
Autoclave is key for unlocking SH value. Lots of cash flow.
Plus 1 gram heap leach project at Granite Creek open pit is future growth. Build with cash flow.
Mineral Point at Ruby Hill 5M ounces in 5 -10 year plan.
At least 10 years at Granite Creek
wide open there . Ultimately mine life measured in decades not years. Long life
Real growth is through Blackjack and Hilltop zones
Will be highest margin mines in company
Upper Hill top zone is right on edge of pit
14.5 M gold ounces currently in MRE
Buffalo Mountain deposit to be included in new resource
Blackjack scarn to bring to 43-101
Granite Creek and Ruby Hill 70,000 metre drilling to be added to resource base
RE to be released in first half of 2023
Holes already completed for Lower and Upper Hilltop . Waiting for assays over Christmas and early new year. Will be interesting. Visuals look good.
Deposits wide open.
Any share price under $4.00 is a gift. Not the time to be penny wise but pound foolish. Have not seen a company like this in my 45 years of mining investing. Am fully invested.
Comment by
metalhead666 on Dec 21, 2022 11:21am
Any thoughts on why the short interest keeps going up?
Comment by
starboy101 on Dec 21, 2022 2:19pm
You will find out soon Meathead! And then you will know why I am on the sidelines.
Comment by
metalhead666 on Dec 22, 2022 8:49am
I'm net short so don't disagree with you
Comment by
goldstd69 on Dec 21, 2022 3:52pm
Agree...very thorough summary of an outstanding explorer/producer in mineral rich Nevada. I still think this company will be bought out in 2023. jmho dyodd