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$500 per ounce?

over 13 years ago

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Re: $500 per ounce?

over 13 years ago

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Re: $500 per ounce?

over 13 years ago

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Re: exguy - Prodigy 3.25 million oz I&I ?

over 13 years ago

6

Re: $500 per ounce?

over 13 years ago

4

Re: $500 per ounce?

over 13 years ago

1

Re: $500 per ounce?

over 13 years ago

5

Re: exguy - Prodigy 3.25 million oz I&I ?

over 13 years ago

9

Re: $500 per ounce?

over 13 years ago

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Re: $500 per ounce?

over 13 years ago

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Re: $500 per ounce?

over 13 years ago

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Non-compliant PEA

over 13 years ago

4

exguy - Prodigy 3.25 million oz I&I ?

over 13 years ago

6

in response to explorationguy's message

explorationguy, good post - Hammond Reef is one of Brian Maher's favourites. You wrote:

"They are targeting cash cost < $500 an ounce, which will factor into the grade cut-off. An open pit example referred to on the Kodiak website was Brett Resources Hammond Reef open pit project( which was bought out). They have a PEA which reports an operating cost of $ 452/oz and a grade cut-off of 0.3 g/t. http://www.brettresources.com/i/pdf/2009-12-10_HR_NI43-101.pdf "

I don't see any reason why they wouldn't use 0.3g/t cutoff, or even less. With the price of gold rising, many companies are using lower cutoffs. With that said, all the drill holes not previously counted/assayed and new infill drilling, I think it's within the realm of the possible that they'll show 3.25 million oz Indicated and Inferred, with perhaps a tiny amount of Measured.

That said, it will take a PEA to see if it's viable.

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