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Edge83

09/26/17 3:23 PM

#329 RE: tika1 #327

They are ramping up to their stage 2 plan which will be ~108k oz AuEq/year. Last PEA has AISC at $619/oz. I imagine that the recent damage to the mines and slow down may bump that a bit (25 or 50 bucks for the first year?) But still wildly profitable even at $1000 gold.

Stage 3 will be adding on the Judd vein which is not well tested. They just ran across a really nice vein while driving the under ground tunnel between the two know ore bodies that was previously unknown to them as well. If it turns out that the the two ore bodies are connected - things will be even more profitable. They are setting up under ground drill stations to further test the rock around the tunnel right now. They are well funded to get fully ramped up for all of this as well.