GCY 1.82% 54.0¢ gascoyne resources limited

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  1. 17 Posts.

    Obviously all grades were taken into account across the Life of Mine as you are obviously aware, the problem here was obviously Geology and drilling density hence the requirement for further Grade Control Drilling. I see the FS was accepted hence why the project was funded, Geology seems to have been off the mark in the uppper Ore Zones with Geology estimations but appears to be gaining conformity at depth, that is good to see, these Projects can be troublesome at commencement of Commissioning and again it takes time to get everything right and tuned, once grade is supplied to the Mill it will all work out ok IMO as the Process Plant looks to be doing all the right things as they iron out the normal teething problems.

    If my assumptions are wrong then guess that’s to be seen as I said I have not seen the FS and haven’t the time to be studying it, the comments are to assist those that invest with some basics, I see the grades look to be improving with depth and that is typical also, the Process Plant will take time to be adjusted and once grade is delivered then the returns will be as they should be and typical of these projects, it is a very tough period for all those on the site, been through this many times and it is not easy.

 
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