Dec. 3 at 1:48 PM
$EXK the 28M shares are to bring Pitarilia in production not to pay the grocery !
Pitarrilla, one of the largest undeveloped silver projects in the world, is expected to form one of the key cornerstones of Endeavour’s long-term growth profile.
Cost at 22$ /Ag !
The Inferred Mineral Resource (open pit and underground) totals 35.4 million tonnes containing 99.4 million oz Ag grading of 87.2 gpt, 281 million lbs Pb grading 0.36%, 661 million lbs Zn grading 0.85% for a total of 151.2 million ounces AgEq grading 132.7 gpt.
Silver equivalent grades are calculated using this formula: Ag (gpt) + [Pb (%) X 2204.6 X Pb Price / Ag Price X 31.1] + [Zn (%) X 2204.6 X Zn Price / Ag Price X 31.1] with price assumptions of Pb
$1.00, Zn
$1.30 and Ag
$22.00.
Will become a senior gold and silver miner !
Safe day with EXK !