InvestorsHub Logo
Followers 28
Posts 3615
Boards Moderated 0
Alias Born 09/02/2011

Re: FeztastiCASH post# 16041

Sunday, 07/28/2019 1:59:34 PM

Sunday, July 28, 2019 1:59:34 PM

Post# of 49259
I never claimed they would build a plant and do their own processing. Given their proximity to Macassa, makes more sense to toll treat next door - if the value of their ore (grade) is greater than Macassa's...
If they sell their discovery to KL that's great, but they still have to discover it and drill it out.

It does take a while to make a discovery and drill out a deposit.
The last deposit I drilled out took about 3 years with 5 to eight drill rigs operating 24-7, but that was a big deposit...

These things do take years. The average time from greenfields exploration through discovery, drill out, feasibility, mine construction up to production is 12-15 years... Fact.