Re: $450
That or lower, I suspect. I expect reserves will be going up shortly, and who knows, perhaps when the Biox plant is done, the sulfide reserves will be added in. That could be a sizable amount. We are talking about ore that was heretofore refractory, not worth mining, or barely so, depending on gold prices, that is likely surrounding the whole area. The bottom line is that they should have gold for many, many moons. They will also likely replicate this Biox system elsewhere in W. Africa, and possibly on their S. American properties, for further growth, IMHO. So, organic growth is entirely possible at this point. |
