Updated PEA
If you refer to the Link Library, you can obtain the latest update to Saskatchewan Exploration And Development Highlights for 2014. From the numbers that the company reports to the province, the gold project should be viable with a robust internal rate of return. The province did not verify the accuracy of these claims by inspecting the mines or conducting a forensic audit,
The updated PEA maintains that operational costs are(were) $427/oz. The gold price is 3X that. Special attention should be placed on any mention of sensitivity to the gold price.
Note that the stated grade provided by the company in the gov't report is better than the one called for in the PEA.
The PEA calls for mill expansion as well, which has gone unreported by the company. A mill expansion will be observable in the Sat photos.
There was a subsequent engineering report in 2013 a year ago, but this is being withheld. The numbers are reported in the briefest possible fashion along with the MD&A.
http://www.goldenbandresources.com/html/news/press_releases/index.cfm?ReportID=203123
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