<<Any exploration/geology type folks twiddling their thumbs or with some spare time now that could potentially be put to work at a later date?>>
IMO if they had those folks underutilized I would put them to work on the other nearby Pd zones Cowboy,Sherrif,Outlaw etc and other nearby Pd properties. I would not look to expand Veeza until I had a year's worth of experience with it.
Last thing you want is to loose geologists, etc , very hard to replace.
Who knows with SG...if the ore just not there, it doesn't matter if Au at 2500 or even higher.
OTOH, if they can somehow find the funds to do a bit more drilling, they could in fact get lucky and justify going into production but with more certainty this time.
As to what POG it might take, PAL's historical costs at SG are kind of irrelevant since they never really mined an economic ore body with enough oz's to bring down costs.
Another valid question though is whether or nor PAL should even be doing anything outside of PGM's.
As stated earlier, I don't mind having exposure to gold at times like this.
But something else I wonder about..
I have no idea as to PAL's 'unused' skill sets in the area of geological exploration but it seems to me that if LDI and Veeza not enough to keep everyone busy, it might make sense to put these skills to work.(if enough capital at a later date)
And you never know, the next set of drill results could find a nice surprise and/or extend the mine life of either SG or Veeza.
If your sale price for the gold division were 150 million, that might seem like a good deal now given current expectations for Veeza.
But you never know, a bit of additional exploration that costs very little incrementally, could potentially increase PAL's gold output to something much more than current Veeza expectations.
Just imagine tacking on an additional 30-40,000 oz/year of Au output on top of current projections....especially if it need not require much more in the way of capex.
Might even be opportunities to further optimize the use of current milling equipment and staff which I think was the plan in the first place.
Any exploration/geology type folks twiddling their thumbs or with some spare time now that could potentially be put to work at a later date?
They did do lots of test drilling - look at the various reports. Then as they mined they did in-fill (closer spacing) and underground in-fill and that showed veins were narrow. You can't drill every foot before you commit to mine - you would just go broke and all you would have for it would be a prairie dog condo.