Other mines have gone into production without a feasibility study. Others have done it without a PEA. But very few have gone into production without a resource estimate.
[The Summit Lake B property is] definitely a project that needs to be worked right now, with the signatures that the Colorado guys have shown us.
We think Winchester can be a big driver for the company too. We’ll start drilling the same time as Monster, so it’ll be highly cost-effective.
Right now the market’s decided that, because the market is broken, nothing can happen with that asset. I’d respond that I’m not looking to do it in the public markets. I am actively looking for a partner. Once that gets done, people will have to look at this company much differently.
Chemical companies absolutely need what we do and there have been companies in Europe in the past, for example Bayer, who actually did their own fluorspar mining. But chemical companies have no idea what exploration is all about.
People are freaked out by short-term factors. I think the longer term is amazingly bullish for gold. I’m still in the gold business and I’m glad to be there.
One of the problems of having a strike length of 1.8 kilometres by at least a kilometre deep is that it would take us years and cost millions to drill the entire thing out. So we want to focus our business plan on the most economic ounces, on what’s the best way forward—a starter pit or direct to underground.
We’ve increased our property package around our Pine Cove mill seven-fold just in the last year. We’ve gone from 660 hectares to almost 4,800 right on the peninsula and they’re all properties that are adjacent to each other.
Ignore anything you hear or see in the media about first nations relationships in Ontario, actually anywhere in Canada, because I think the media go after the negative stories and ignore the positive stories.
In the Democratic Republic of the Congo, rebel groups control large parts of the country. They have imposed dictatorial rule on local communities and generated small-scale mine production under conditions so harsh that they actually approach slavery.
