Re: Share Price
in response to
by
posted on
Dec 23, 2011 10:50AM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
My understanding is that the PFS/FS process involves a multivariable matrix of mined ounce rate, mining/milling costs, etc. to balance costs vs revenues vs mine life. My take is that DW is very conservative and the new guy will be more of a gunslinger and pull production in as much as possible to get off to a higher ounce rate at the start, even at higher cost.
Hey look, with 2 - 2.5 million oz in the ground at respectable g/ton and more below, there's gotta be a way to pull more than 100k oz per year. It would have been better to never do the PFS at those rates IMO, but now that we are here in real time, let's hope we get close to that 200K number in the FS.
Strike