AMG 0.00% 5.1¢ ashby mining limited

Ann: Mt Freda Further High Grade Gold and Cobalt, page-2

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  1. 1,378 Posts.
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    Narrow but decent grade gold results (still insisting on reporting their Co in g/T which totally detracts from any credibility), at the moment it will be line ball as to whether the open pit stripping ratios at Mt Freda are so high as to make the gold below the pit sub-economic (once you dewater it and do a massive cut-back, unless they go underground in which case the cost of underground infrastructure and development makes the gold possibly sub-economic, ats the problem when you inherit something that has been high graded before).

    The good news is that the rig is going to Carpet and Brown Snake prospects, lots of potential there and potentially Cu and Au from surface...

    Will continue to hold with bemusement, because I like the ground and the gold and copper potential....
    Last edited by eastwest101: 11/04/18
 
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