InvestorsHub Logo
Followers 14
Posts 1420
Boards Moderated 0
Alias Born 06/10/2012

Re: None

Saturday, 10/30/2021 1:15:54 PM

Saturday, October 30, 2021 1:15:54 PM

Post# of 718
BALABAG currently 7.5 year mine life based on my calculation
According to NI 43-101 of October 2019,Balabag is only a 3 Year Life of Mine.
Based on Revenue of approx..$ 164 Million or # 131,000 AuEq oz
The updated July 2021 NI 43-101 does NOT contains Table 22-2 ,Income Statement Projection per Year, however based on Measured and Indicated of # 331,000 AuEq oz should translate to over 7.5 year Life of Mine.
With 5A and 5B drilling results to be announced by end of December 2021 and most likely adding to reserves, the Life of Mine would again be extended.