Given the price of gold atm, the current identifed 700k ounce only includes what is a viable to mine. Should the price of gold rise there would be an approx. additional 40% more ounces to be gained.
Irrespective of the PoG CMM are undertaking additional drilling that should/could change the available resources altogether. My understanding that in the next 1-2 months results should start coming in.
In terms of strip ratios they're are largely insignificant on this project, one of things that attracted me to it, so they could/would be covered by Opex?
Finally in terms of financing it will probably be a combination of dept and credit rasing although I suspect this will more prevalent 1st quarter next year as these things take time to sort out.
JMO
Cheers
Given the price of gold atm, the current identifed 700k ounce...
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