RE: Quartz veins4 Apr 2021 08:26
I’m a tad confused on your question. I assume you mean when this becomes commercially viable? Also sorry if I’m talking basics here but to me it sounds like you’re unfamiliar with mining. If it’s to do with what I said above then that would be in the pre feasibility study (PFS) which would be based on the cost of mining, spot price and any premium (what we can sell it at) and the mineral resource estimate (MRE- basically how much gold do we have and how pure is it it) which is based on grades from assays and is also important to note at what depth. High grade but small quantities will be potentially more expensive than one large find also remember the deeper the more expensive it will cost to mine. By adding how much we have and at what price we estimate it to be worth (remember this is a dynamic price so any slump in gold will massively skew future profits) we can deduct the cost to mine and see if it is profitable. Then we can decide to drill.
I believe the PFS is due end of next year according to the investor presentation feel free to check that for yourself.
Until we have assays we can not at all what we’re working with. the extreme risk of this stock is gained here from being pre pfs they could say it’s not viable look at BPC as an example. However we will see the greatest return if they come good due to that risk factor.