Monday, June 28, 2021 2:44:44 PM
in addition to the material amounts to be paid by Yamana, of note were
some of the statements made by Yamana in their description of the
transaction:
Yamana has a Feasibility Study already done on the adacent property
(2018);
Since that time, they have made material improvements which enhance
the economics;
It will announce by way of an update a Revised Feasibility; and
It will announce a decision to bring its project into production.
The revised figures should reduce Yamana's all in sustaining costs.
These 4 points are independent of the Globex transaction.
My read is that these points are significant for Globex:
a) Yamana does not "need" the Globex property to make a
production decision at Wasamac;
b) Production can be achieved without having to wait for Globex
new results or even compiling and incorporating the historical data;
c) the cost of developing a resource on the Globex ground
should go down significantly with adjacent production;
d) the timeline to possible production is reduced; and
finally
e) the probability of the Globex royalty coming to fruition is increased and accelerated.
Well done Jack!
http://www.globexmining.com
https://www.globexmining.com/staging/admin/news_pdfs/2021-06-14%20Globex%20sells%20Francoeur_Arntfield_Lac%20Fortune%20Gold%20Property.pdf
In GOD We Trust - Real Money -
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Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
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God Bless America
Ps.
opinion appreciated
TIA
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