Post by
StrikeGold on Jan 02, 2023 12:07pm
Best use of funding to add value at this point
....IMO should be further drilling at Brewery Creek to add resources. If they are having trouble getting around $30 million for financing gold production at Copperstone, they should raise a far lesser amount instead to increase gold reserves at Brewery, and then wait one or two years for the price of gold to shoot up.
They can also find out the feasibility and cost to extract perhaps up to 248,000 ounces of already mined gold sitting on the leach pad:
https://www.miningnewsnorth.com/story/2021/01/19/mining-explorers-2020/a-new-vison-for-brewery-creek-gold-mine/6656.html
Even Ron Netolitzky who had been involving in getting Brewery into production decades ago (and has been inducted into the Canadian Mining Hall of Fame), predicted at least a 25% increase in reserves was probable at Brewery with additional drilling.
Comment by
RdlBama on Jan 03, 2023 7:38pm
Strike, The Sheriffs have screwed so many Yukon business contacts. The Sherriffs are truly toxic. The new CEO needs to jettison Bill and his worthless Operations person. I basically agree with your premise.