I had a PM interchange with an Agoracom board member midweek, when the SP was .075 Canadian. He wild-guessed that the FS will calculate 1.25M oz reserves, and 3M oz resources. While these numbers are a bit on the optimistic side for me (I am an ingrained pessimist by nature), they are not so farfetched to be dismissed, and probably are close in any case - only 50% better than the PFS.
So these numbers worked out at the time to $8.18(US) per resource oz and $19.63(US) per reserve oz. Those would be bad (i.e., pessimistic) gold-in-the-ground numbers for geopolitically-hostile, nationalizing-prone locations. They border on absurd for mining-friendly areas.
This emphasizes the importance of the cost-of-extraction and annual oz calculations of the FS and the permitting progress in general. Potentially highly profitable mines are more likely to break the credit impasse for financing.
Strike