TAM 0.00% 2.9¢ tanami gold nl

good news for a change, page-6

  1. 5,669 Posts.
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    Hummms - I'd agree with your geologist friend.

    There are some interesting things to note.

    First, check out the cross-section provides, in particular to two highlighted drillholes.

    What is apparent to me is where they cross - neither intersected vein shows up in both drillholes, which indicates lack of continuity.

    The second point refers to note 1: "average air leg stoping" - this is the first time this has been mentioned, other than going to owner-operator.

    Probably the only way to mine orebodies like this, HOWEVER with less dilution and more mining control comes lower productivity. And, broken ore cannot be retrieved from the stope until the mining is completed. A revamped mining schedule is required, but I doubt 60koz/yr is achievable.

    And as Goldi would say, where are the financials??? What about cost controls and forecasts? If they aren't heading in the RIGHT direction then the announcement is just a smoke screen.



 
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