https://www.explorationinsights.com/pebble.asp?relid=2408
Here is an excerpt (my bold added):
There are in the order of 2,000 junior companies listed on the Canadian exchange and maybe 1,000 more listed in Australia, London, and elsewhere. In round numbers they are exploring 10,000 mineral properties of which only 1 in 1,000, on an annual basis, will produce an economic discovery. Worse, only 1 in 10,000 will result in the delineation of a gold deposit of greater than 4 million ounces (Stephen Enders, Society of Economic Geologists Newsletter, July 2011).
So we already have an 'economic' property. The 6 grms of gold per ton from the waste alone is economic. Once the cyanide system is up and running we'll be cash flow positive and this is just the waste dumps. And the odds of us having more than 4 mil ounces of gold are pretty darn high based on gov't independent data. Now that we have Al Simon on board, it would take a disaster for us to fail.
In short, plan on being rich.
