Post by
brmac75 on Jul 02, 2015 9:04am
EAG only has mostly highly speculative inferred resources
And needs way higher gold prices just to be economically viable.The PEA says that. So nothing will be built here for years if at all while other small Quebec mines have shut down. Quebec has high union labour costs. Remember Century mining, Conway etc? this one is just tiny.
Comment by
tomgranite on Jul 02, 2015 9:59am
The Pea says that the all in cost of production is $536US. Current gold price is $1170, why does it need to be higher to be economically viable? There is room for expansion with more drilling.