a. Detour Gold (DGC / Ontario / 13.2 mm oz at 1.34 g/t / $776 mm mkt cap)
b. Osisko Mining (OSK / Quebec / 8.5 mm oz at 0.98 g/t / $704 mm mkt cap)
c. Greystar Resources (GSR / Columbia / 13.6 mm oz at 1.35 g/t / $123 mm mkt cap)
d. Andina Minerals (ADM / Chile / 9.4 mm oz at 0.86 g/t / $253 mm mkt cap).
Does it not strike you funny that our management has a lower cutoff of 2.3 g/t?
sure it's the mine model
sure they were showing off how low a cost per ounce they could formulate
sure they don't want to ruffle feathers in the government even hinting at open pitting the southern part of FDN
but guess what
the guy who steals this, will all of a sudden boast, with a 0.5 g/t cutoff in excess of 20 mm ounces!!! what a steal!!! and Correa, once the mine is running and he's getting his royalties, will say Do whatever you have to to get every last ounce out of the ground...what's 1300 meter s of land in Ecuador?...nothing....
we are not stupid people
we do not accept what management has provided us as details
we want the cores that we paid to have drilled
we'll figure out the ounce count thank you
(not that we don't trust you guys)
safeharbour