Absolutely, indicated grade is 11.9g/t, PFS used 7g/t head grade after dilution. Obviously, the key is to minimise dilution, so mining methods are important. PFS has 200kt mined p.a, but with two additional shallow zones to mine, this should jump up for DFS. Then any new discoveries will add to this. PFS has a 200kt p.a plant, i'd day that will go to closer to 300-4ookt by DFS. With 300kt p.a, that gives me about 62k oz p.a with 95% recovery. 4ookt, closer to 83k oz p.a. All at an AISC sub $1000 (LOM).
The beauty of the recent discoveries is that they are high grade and shallow, so foreseeably going into the early part of the mine plan, hopefully, year 1. The pending DD results are deeper and likely to add LOM beyond 5 years if successful.
Additional discoveries could be at any depth from the surface (small open pits) to 400m+.
EGA Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
