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Re: SeaBlue post# 14663

Wednesday, 01/20/2021 6:08:26 PM

Wednesday, January 20, 2021 6:08:26 PM

Post# of 19209
O.K., now I'm really confused. Go to 6:25 of the video and Dan says they have confirmed 3.8 million oz. of gold reserves. I take that to mean they know Springpole has that much gold there to mine.

A 3.8 million ounce number would break down into nine years as 422,222 oz. per year and that's a long way from 335K per year.

The only thing I can think of is maybe they're still mining after that ninth year and producing gold at the pit, but for much less yearly ounces.

The numbers definitely don't jibe out.