Post by
trooper22 on Apr 04, 2024 1:16pm
From another poster
The PEA has accomplished what it was intended to do, create a starting point for understanding and evaluation. It does not include all the resource but nails down the sunk cost of the infrastructure, processing cost which importantly will serve both deposits and mining cost per ton O/P. The AISC is extremely positive and likely driven lower by the drilling that fills in the gaps in the pit shell and high grade along strike not included thus far in the early years further increasing IRR and payback, the cashflow illustrated even at this stage shows that the development of the Gilt Creek Deposit will be funded internally and (mill already built and paid for so the capital need is just for the ramp into the big blob of ore +1.8 million ozs at +3g/t, long hole stoping, bulk underground method, very low cost) will actually increase production in years 5 and beyond as you run double the grade stated here, blended you will likely get 2.5g/t head grade increasing to end of mine life as pit is exhausted... giving this a +20yr mine life as-is today. Great starting point. Lots of interested parties who understand the above.