Ann: Excellent High Grade Drill Results From Menzies Gold Project, page-23

I think the main goal for HZE would be to first prove up 10yr LOM in GOLD reserves close as possible to plant so 12mt of oxide gold ore ..

which shouldn't be hard to source 700koz in Gold reserves just from the merged companies Gold projects

-If this is average grade 2g/t ----- 91% recoveries would see 70koz production pa

say because of trucking distance give it a higher AISC $1300oz still going leave $550oz margin

=$38.5million EBIT ---- we would have plenty of tax credits so unlikely pay tax for a few years

$350-$400mill first stage of operation

production then self-funds exploration driving LOM long term + divies to S/H's