I am not sure if a 15 minute RSS talk is the right place for this level of technical detail. Marc is a metallurgist, not a mining engineer so I suspect he is not the right person to explain this anyway.
I think we can safely assume that the costs per oz will be significantly lower with this larger drive approach or else the company would not be planning to use it. They would have stayed with the narrow drive plan in the PFS which had AISC costs around the $1000 oz level.
One extra thing that using larger drives will accomplish is it will allow the production rate to be upscaled very significantly. This is why I have such a high yearly production in my guess. If they can get production up close to my guess it will make the economics very attractive the lenders.
EGA now has an EV under $18 million. This is crazy cheap given how close they are to the DFS and given they don't have a need for massive dilution to get to production, it is a buy for me. Even though I am loaded up to the gunnels on EGA I am buying more.
EGA Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held