The proposal to truck ore from Taronga to Granville for processing could be funded by G2 once it is in full production. First they would have to do mine preparation at Taronga, i.e. roads, waste rock disposal, ore mining, basically what they are doing at East Granville mine. I don't know whether they would do the crushing and separating at Taronga or Granville. The reason for this proposal is to avoid the initial cost of Mobile Processing Plant $1.5m plus tailings dam, water storage dam etc. 50,000 tonnes, which is 10'000 tonnes more than Granville's annual qouta, which would be processed and then sold, doubling the income for the year but also increasing expenditure with transport. This to test whether Taronga development is viable.
Bananaman, whose job it is to arrange the transport of goods around Australia said that cost wise this trucking of ore from Emmaville to Granville would be viable.
ANW Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held