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Thursday, April 12, 2018 6:53:47 AM
« ...A major milestone toward achieving this goal is the new NI 43-101 prefeasibility study (PFS) that the Company just released on April 10, 2018. That technical report is loaded with information, including the following highlights:
- Initial cap-ex of only US$22.7 million to go into production
- Internal rate of return (IRR) of 40%
- 175,093 ounces Proven & Probable reserves @ 6.79 g/t Au
- 276,100 ounces Measured & Indicated resources @ 7.63 g/t Au
- 145,700 ounces of Inferred resources @ 6.81 g/t Au
- Cash costs of US$684/oz
- Metallurgy: a recovery rate of 95% Au
- Average annual sales of 38,347 ounces Au
http://www.stockhouse.com/opinion/interviews/2018/04/12/high-grade-gold-project-pfs-shows-strong-economics
« ...While the new PFS upgrades KER’s gold reserves and resources, not all of the ounces that have already been defined were included in this report. Could you please elaborate further here?
The ounces in the current resource statement that were included in the economics of the report total 175,000 gold ounces. The ounces in the current resource statement that were not included in the economics of the report represent 246,000 ounces of gold – 100,000 ounces of which are located immediately around the included ounces. Inclusion of these ounces is the primary goal and will be made possible through the refinement of the mine plan and further drilling in these easily accessible areas. Inclusion of the remaining 146,000 ounces not currently in the economics are principally the target of the forthcoming exploration program.... »
Read more at http://www.stockhouse.com/opinion/interviews/2018/04/12/high-grade-gold-project-pfs-shows-strong-economics#aUDU8z2rrJJkcalm.99
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