Listen up!14 Oct 2021 10:23
If in doubt what a great shout from telegram member who posted this yesterday..keep the faith guys, it’s a steady pace but the end game will see us happy people
This right here is the problem - I still feel like people aren’t understanding what a PFS is!!
The PFS isn’t about quantification of reserves. It is a commercial document that considers cost and revenue. It’s purpose is to prove up a feasibility to mine! It’s not like the PFS has set a limit on how much will be mined!
The fact that a mine is feasible, even based on a small number of ounces, demonstrates that costs are going to be low. IE costs are so low that even at the small fraction of reserves considered, Havieron still lends itself to being a feasible mine!!
That is a good thing.
If Havieron required 10moz in order to be a feasible mine, that wouldn’t be as good as what we currently have.
I feel like people aren’t getting this - All the gold is still there and the reserves get bigger with every drill.
If it’s a feasible mine with 3moz, just imagine how profitable the whole mind is going to be by the time we’ve extracted 10moz or 20moz or 30moz.
THE PFS IS NOT ABOUT QUANTIFYING THE RESERVES.
IT IS ABOUT SECURING A DECISION TO MINE.
HAV IS SO FRICKIN GOOD THAT WE ONLY NEEDED TO PROVE UP A TINY PERCENTAGE OF OUR RESERVES IN ORDER TO GET THE PFS.
THE PFS IS THE GREEN LIGHT TO FAST TRACK MINING. THE PFS IS NOT AN ESTIMATE OF RESERVES!!!
(Sorry for the caps / rant, and feel free to delete if inappropriate. I just feel like I’ve had to explain that to a million people today!)
Sign In
Follow the stocks
