Mining, page-66

Penny's Find is what the industry call a satellite open pit, they have a proven resource with a open end for progressing to underground [portal] operation,the initial cash flow will come from the open pit oxide ore, more drilling will need to take place to prove up the viability to continue with the underground development, cash burn, with no guarantee that if they find grades at depth it would be viable to mine ? strip ratio ore to waste would dictate this, and infrastructure etc. to support. Long way to go yet before we will see a massive spike in the SP to 5/10 is realistic, I've been riding these for a couple of years and don't have great expectations.