of all the ings to remember about New Carolin Gold perhapds the most important is that is already a gold mine. It's just not operating at the present.
So there is no exploaration here, really. There is only the expansion of the size of the resource.
That's very very good.
The fact that they want to take the gold out of the tailings is, in addition to the cash, what they will want to do before they bring this into production.
The expansion of the size of the resource may indicate that what they will be able to do is make the whole Carolin mine and the McMaster zone with the Montana Showing in between an open pit. If their future drilling shows that this is possible then the cap-x and op-x will be much cheaper than going underground.
The potential for a multi-million ounce extractable resource is actuall very good. IMO