RE: Gold in tailings - Circa $391 million19 Jun 2025 16:01
There is no doubting there could be a significant amount of value in the tailings but a few are getting ahead of themselves calling for early revenue from here and Darren says no drilling required.
Fmet have been proving up the teck Hughes tailings for a considerable time now and have been drilling to ensure there is consistency in the tailings.
There is no way we would set up to process the tailings if we are unsure of consistency which means at least dropping many augers holes.
And early revenue in manager speak is at least 2yrs hence after a deal is finalised with Fmet.