posted on
Jan 19, 2015 12:08AM
Captain Time, I have no doubt that DP knows how much this shift to Advanced Exploration will cost. To get to their 220 meters depth with a 10% decline grade means they will have over 2000 meters of decline (ramp), plus drifts, stopes and exploration drilling drifts/drilling. It is easily a $20-25 million project. The payoff is that the project gets derisked, resources get upgraded to measured resources and reserves, uncertainty about mining and processing the ore is eliminated and we put 4-5,000 ounces of gold into the treasury. Valuation factors increase. YES we will see another PP next year if we make it that far but it won't be at $2.50. Exploration drilling will still happen and if there is a second or third zone great. Me, I want to see them chase this deposit along strike and to depth to see what we have. I expect we will see a newsrelease tomorrow. ... Been There