I was curious about what price of gold levels would be used in the calculations of Net Present Value for the PFS. I wrote to DW, and he replied.

There are four price levels typically used:

1. 3 yr low. (my own guess is that this is about $650 or so);

2. 3 yr trailing average. (I make that about $900);

3. Current price. (June? - suppose $1250 or so?); and

4. 3 yr high. (June? - could be $1300 or so?).

So it looks like they won't do any pie in the sky calculations on what the price of gold could be. However, if we get a new high in May, this would bodes well for the PFS calculations of the different NPVs at different price levels.

It's spring time, seeds long planted start to emerge....

What could be coming up out of the ground this month?

SKELEG