Preliminary assays received require further work and interpretation to fully assess them, similar to what was done previously in 2011.
Obviously a complex structure, however it seems there may be two options for this find:-
(a) consider a small high grade open pit development
(b) consider a larger lower grade pit development
Since the initial discovery, overall mining costs have changed for the better with the gold price up, A$ down and development/toll costs possibly stable or lower suggesting this could result in better profitability.
Additional work is being undertaken to fully understand the latest results which will take a further three weeks and to be followed up by crunching the numbers to assess the best way forward.
Looks like more time is required to determine whether this is a goer.
- Forums
- ASX - By Stock
- TMX
- Ann: Great Western Drilling Update
Ann: Great Western Drilling Update, page-5
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TMX (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.298M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $30.56K | 10.18M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1638470 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 18878608 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1626988 | 0.004 |
15 | 7865082 | 0.003 |
7 | 6650000 | 0.002 |
5 | 7000499 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 5713460 | 7 |
0.006 | 4635726 | 4 |
0.007 | 7178725 | 8 |
0.008 | 4493067 | 6 |
0.009 | 623131 | 3 |
Last trade - 15.26pm 25/11/2024 (20 minute delay) ? |
Featured News
TMX (ASX) Chart |