Zykk,
I agree.
And sorry if I overlooked it, but on Adanac's website I didn't see any mention of how feasible their feasibility study is.
Tyhee's Preliminary Assessment (PA) delivered positive economics of a 3,000 tonnes per day mine for seven years producing 1.1 million ounces of gold at a cost of $384 per ounce with additional potential to expand.
What Webb has stressed over and over again is that since the PA was delivered his mining costs have considerably diminished and gold prices have risen far above the $700/oz level that was used in that $384/oz estimate.
Regarding your point on Adanac's management, their CEO's been there only since this April 1st. (A poor choice for a date to be appointed Chairman and CEO).
Baires
