RG.V doing well- closed at .44 cents
RG.V has a resource on one of their properties near Galore Creek (Novagold) I believe, but it hasn't been released yet.
It probably has to be reworked because of exchange rules these days- Romios has 9 properties located approximately half way between Galore Creek and Eskay Creek, in Northern B.C.
Romios is in good company for sure-
Novagold's Galore Creek has received a final feasibility study- Proven and Probable Reserves at 6.6 billion pounds of copper, 5.3 million ounces of gold and 92.6 million ounces of silver.
(From their website)
""Galore Creek is one of the largest and highest-grade undeveloped porphyry-related copper-gold-silver deposits in North America. Located within the historic Stikine Gold Belt of northwestern British Columbia, the 86,600 hectare (214,000 acre) property is approximately 75 kilometers (46 miles) northwest of Barrick Gold's Eskay Creek gold-silver mine. The project lies 70 kilometers (43 miles) west of Highway 37 and 150 kilometers (90 miles) northeast of Stewart, British Columbia, with a year-round concentrate shipping port available to the project.""
Feasibility Study Complete
A final Feasibility Study for the Galore Creek project, completed by Hatch Ltd. in October 2006, estimates the project's Proven and Probable Reserves at 6.6 billion pounds of copper, 5.3 million ounces of gold and 92.6 million ounces of silver. Galore Creek also hosts estimated Measured and Indicated Resources of 1.9 billion pounds of copper, 2.1 million ounces of gold and 24.5 million ounces of silver, with additional Inferred Resources of 2.4 billion pounds of copper, 2 million ounces of gold and 35.7 million ounces of silver.
Based on the Feasibility Study, annual production is forecast to average more than 432 million pounds of copper, 341,000 ounces of gold and 4 million ounces of silver for the first 5 years of production, with total cash costs of $0.38/lb of copper, net of precious metals credits or, in terms of gold, negative US$889/oz of gold, net of copper and silver credits. Annual average after-tax net cash flows were estimated for the base case at US$414 million for the first 5 years. The Feasibility Study estimates the project's base case after-tax net present value at discount rates of 0% and 5% at US$1.7 billion and US$599 million, respectively, with a payback of capital costs in 4 years. |
