RE: Permit12 Feb 2021 18:52
Now that the permit is granted it is really interesting how the share price will proceed. There are a fair few warrants, however, after seeing warrants converted in rns 18/12 and NOT flipped. I wonder if there won't be much flipping done. Gold pour in two months, cash + warrant cash.. more gold pour after that. Then, exploration alongside gold pour. Wouldn't the warrant holders keep those golden tickets awhile longer...
In one of Sponge's blogs he mentioned 50K oz per year from this one pit. Fag packet numbers:
All in costs of $1000.
8weeks production roughly 7690 oz.
$800 x 7690
$6.1 mill profit in 8 weeks.
Does this sound about right?
All what i have read about heap leaches and with the experience behind those in charge here i find it hard not to see great numbers going forward.
Obviously, teething problems occur but that is mining and the experience here will soon over come such things.
Looking forward to the work ahead.