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RetireToday

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Re: luvtohunt post# 9054

Wednesday, 01/30/2013 12:54:37 PM

Wednesday, January 30, 2013 12:54:37 PM

Post# of 12573
43-101 and the Gold Price


Yes, as the price of Gold goes up it does allow Chris to lower the cut off grade and increase the total ounces. However, the Gold Price used in the equation is a 2 yr rolling average. So spikes in the price of Gold will help, but not as much as one would think. Now if Gold goes over $2,000 (IMHO this year) then it will certainly support a higher buyout price when we hit 3M ounces at the of this year hopefully.

It may be a mute point if lighting strikes at Kidd Creek. Drilling should start very soon.
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