There is an article in the Globe today about gold reserve depletion in mining companies. The thesis being that is is becoming increasingly difficult for the majors to find projects with good gold resources.
They define a deposit as "significant" with 2 million ounces of gold. So, ours is very significant in their estimation for the gold alone. I just can't see it being over-looked if the feasibility manages to keep the capex in line.
"The modest exploration success is the reason major miners have been pouncing on junior exploration companies. Big firms are being forced by the pressure to expand reserves to make costly bids for the juniors.
Despite the apparent shortfall in new discoveries, the biggest reserves replacement challenge faced by the major producers and the industry as a whole is not that there is no gold left, but that all the “easy” gold has been found. Worldwide, the total gold in reserves and resources at development-stage projects is essentially equal to that in currently producing mines. However, with increasing risk of political, regulatory, and tax instability in many resource-rich nations, declining grades, rising costs, and dramatically longer development times, the amount of gold available for production in the near term is likely far less than has been found,” MEG says.
--http://www.theglobeandmail.com/globe-investor/markets/market-blog/gold-discoveries-not-making-the-grade/article4422555/