The latest exploration update and expanded exploration targets and efforts.... bode well for RIC to add several million ozs from these current and future efforts. The undiscussed option is for Island to use the existing ramp for exploitation of the eastern extension of the deposits.... Upgrade and extend the 340 drift that ends above the first eastern zone back to the existing ramp at about the 200 level and you can utilize both ramps and increase mine capacity up to the 2,000 tons per day capacity.... higher grade ore from the deep resources and lower grade average from the eastern zone.
The process has started and will continue for years. Note that RIC has option value for higher prices both for a large lower grade deposit and the mid-grade deposits already ID to the east of the main deposit. Note the wording used of "the next million oz resource" for the deep extension of Island. People are just starting to realize that the use of debt backed fiat money is ending. Few people realize that FDR called in all of the gold backed currency early in his rule and then by fiat raised the price of gold by 75 % to give him money to spend on the New Deal. That will be by 100s of % now.... to give money some value. Guaranteed basic minimum income (helicopter money) is coming and gold revaluing in the monetary system is coming.
The unravelling of the EU Effete's kingdom makes the fiat currency regime untenable in the near term..... The governments, corporations and individuals are all insolvent without the perpetual motion machine of Dollar creation, Euros and Yauns. The Effetes need the people to take nothing for something in order to maintain control..... that time is ending.
Shareholders are going to be very happy and well rewarded when results of current exploration efforts are announced and new extensions of exploration drilling are identified. The three deep drill rigs will continue to probe the deep trends of resources under Island and the Eastern Zone. More infill drilling and delineation drilling under the Island and Eastern extensions. Kremzar is also a very prospective new addition to exploration drilling with some high grade results. The new high capacity ramp will be started and should be operational later next year. At that point Island will have two operating ramps and could use both.....giving it the ability to mine close to 20,000 tones/day by 2018. With the acceleration of development towards the new deep zone already identified and potential new resources to the east..... there is great potential .