Is close to the reserve grade of 5.5 g/t of Bachelor Lake Gold Mines. The 7.79 g/t of the Pre Feas won't happen unless MTO high grades the mine. 5 to 6 g/t will be the normal grades, which makes the 60,000 ounce per year target a little iffy.
Remember loan payments are due starting this month on Feb. 28!
Principal loan secured by first and second rank hypothec on the universality of the assets of the Company, payable in monthly capital instalments of $466,667 plus interest calculated at the rate of 12%, (effective rate of 20,01%) from November 30, 2012 until January 31, 2014. (a)