Errol Farr, CEO of Loyalist Exploration Limited (CSE: PNGC), argues that $4,000 gold can make smaller deposits worth developing. The company’s Tully project in Timmins has a resource of 164,000 indicated and 60,000 inferred ounces. Farr explains the plan to advance a PEA, use contract mining and existing mills, and fund expansion drilling from future cash flow rather than dilute shareholders. He also discusses high-grade zones, ore sorting, permitting and a target to break ground by the end of 2027.
