Today gold and all gold stocks were spanked, life goes on. Looking ahead at what might be at kemess Undergtound. Preliminary production projections based on 2010-2011 drill results indicate a 12 year mine life,producing 95 thousand ounces per year at a cost of $115 after copper credits, based on $2.80 copper. I realize that the company is presently doing extensive drilling and will prepare a feasability plan by the end of 2012 or early 2013. That aside, staying with the 95 thousand ounces at $115 cost per ounce. The company would generate $9.5 million for every $100 over $115 or $145.2 million per year at $1625 gold. Multiply $145.2 million times the 12 year mine life equals one billion seven hundred and forty two thousand plus change. Mines are expensive to build but we have a leg up with the existing mill.
Check my math, sounds too good to be correct.
Management is doing all of the good work.
These guys don't waste time. They get in quickly, do the necessary work to make an accessment and if they don't like what they see, sell it off to put themselves in position for other possible opportunities. Every project is advanced as quickly as possible. They seem to be good at multi tasking, advancing everything at once. I'm really impressed with thier level of proactivity. Stowe was a good miner in that he was able to get every ounce of gold out of a mine but he wasn't the best at advancng projects.
Expecting great results from management and quickly.
Ignore is for one poster that uses two names and has been belligerent to the entire board for quite some time. I encourage this board hit the ignore button only for the propaganda mongers.