Before X-mas the SP was at ~0.52 level. Now, it's at 0.69, a good recovery of over 30%. It must be the recovery of the POG ( USD 1176/oz) and the anticipation of the new PEA near the end of January (or early Feb) 2017.
People already know roughly the details of the new PEA. It's a paper exercise to show that @ an annual production of ~120,000 oz/yr, Triangle plus perhaps Parallel could yield a heathy profit of over $72M/yr (with a low Capex, payback ~ 1 year) for over a LoM of 10 yrs (compared to ~4.5 yrs for the 2015 PEA).
Any improvement over that, e.g. increase in mill rate (up to 5000 tpd) or deposit size (updated RE in Q2 2017 to include, new drill data for Triangle and other satellite deposits such as #4 Plug,... and Sigma depososit above 400m) would be gravy on the top for the annual profit and/or the LoM.
The GRC targets and Lamaque Deep should be treated as a separate longer-term item. The FCF from Triangle could become handy to explore those zones.
GH
