St. Elias Mines

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New minimum viability calculations

St. Elias Mines

over 12 years ago

Well, this one DDH_TE_06 core (with the additional TE-11-06 details from today's release) is worth $4.00/share, if it represents only a 325m square deposit, and the remainder of the overburden averages only 0.30g/ton... That yields 1.2 million ounces. Assumes $1,600/oz gold, worth 25% in the ground:

https://docs.google.com/spreadsheet/ccc?key=0AupP7v6kPdVidGg0eFdWSnk1MWozVGgxZ1Uyd0hWVHc

Good news!