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.