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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: loantech who wrote (73612)8/9/2012 12:59:30 PM
From: jpthoma1  Read Replies (1) | Respond to of 78426
 
The market is waiting for resources calculations on Marban and Fayolle. They were supposed to be ready in the 2011-Q4, then 2012-Q1, then Q2..... and we are still waiting (not a good sign according to me).

If sufficient resources is available on these 2 projets which are close to the Joanna site, ore may be trucked to Joanna in order to increase feed and lower cost per ounces. Then a new feasibility study may conclude that the IRR will be sufficient.