Re: FS Release for Fun

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striketheroot2

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Re: FS Release for Fun

in response to

Re: FS Release for Fun

hansix

posted on Jul 14, 2012 09:39AM

Hansix,

Point well taken regarding unlikeliness of significant increase of Measured and Indicated (Resource) ounces; additionally, as I indicated in my post, I thought 1.25M Proven and Probable (Reserve) ounces also was too optimistic. Let's leave Inferred off of our calculations.

So, at a presumed 2M resource oz, 1M reserve oz (estimates I think we can agree on) and a $.075(Canadian) SP, the numbers are $12.27(US) per resource oz and $24.54(US) per reserve oz. Still compelling, pending good per oz extraction cost and annual production estimates in the FS.