Richmont has just provided a drilling update this morning and some of these numbers are extremely impressive.  I encourage you to read the new release.  This mine is going to be a 1 million ounce plus deposit.  I know that I have been pounding the table on this one, but just to put things in perspective, one could potentially be paying as much as 5 TIMES LESS than Agnico Eagle (by a similar metric) for ounces in the ground that are just as cheap to extract.

 

Potential to Extend Mine Life Laterally Above the 860 Metre Level;

Deep Drilling Program Intersects 25.6 g/t Au Over 4.7 Metres in the High Grade Structure at Depth