Friday, January 22, 2021 9:22:41 AM
Ken gave several things, but the one stat that stuck out in my mind was it took the pay-off time of the mine down about a year. From 2+ years down to only 1 year and change. That's a game changer and very significant.
I don't know where the gold price will be in the next two years, but I'm thinking it will be to $2500 anyway. These big senior producers know they only have so much time available to them to jump on these few and far between projects like Springpole. They're not going to be on the market forever. That's also why I say that at some point depending on where the gold price goes it will be in our best interest to proceed with Springpole by ourselves. The return will be too great for us not to go that route.
That's why at some point when the offers come we only cherry pick the best deals available to us. A higher gold price will afford us that option.
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