"I believe the total cost to get to 'bulk sample' stage is likely to be $12 to $14 million and Nemis plans on getting that much Gold revenue within 2 years. Wouldn't spend the money if that wasn't likely."
Having attended last Junes special meeting and hearing discussion on potential, if they find what they hope to find at the glory hole, they'll have blown those figures away by the end of this summer. With rough very rough estimates, that is 12000 ounces at $1000/ounce, requiring 300 tons at a yield of 40 ounces per ton. The reason I selected these numbers is because it was mentioned that gold at a concentration of 52 ounces per ton (notice I selected 40 to be more conservative) would only require a gold hit of a medium sized room to cover the cost of the exploration ramp, to say nothing of the other gold intersections that they will be investigating along the way.