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Re: SeaBlue post# 14665

Wednesday, 01/20/2021 5:42:01 PM

Wednesday, January 20, 2021 5:42:01 PM

Post# of 19839
Like I said I'm seeing on the old PEA data this:

https://firstmininggold.com/news/releases/first-mining-announces-positive-updated-preliminary-economic--assessment-for-the-springpole-gold-project

Note it says...Average annual gold production in years 2 thru 9 of 410,000 oz. yada yada, so if I multiply 410K X 8 years I get 3.28 million oz. of gold.

In today's PFS they're using 335K oz. X 9 years, so if I multiply that I get 3.015 million oz. of gold.

That's a difference of 265K oz., so if my math is right they're calculating 265K LESS ounces of gold on the PFS from the PEA.

Did they recalculate for less gold? Less TPD is why it's taking a year longer to mine, but why they're saying there's less gold there is baffling.
Unless the PEA was wrong. Rest assured I will be asking that question tomorrow.

I thought I heard him say in that video you posted they had confirmed 3.8 million oz. of gold. I'll have to go back and listen again.
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