Well same, same - not much has happened but their outlined strategy is as follows:
"Maximise potential to generate cash flow by progressing all potential mining operations. Reduce exploration expenditure to level sufficient to maintain tenements"
"BUNDARRA PROJECT • Undertake mining operations at Celtic Deposit in partnership with mining contractor • Update Great Western Pit Optimisation • Undertake Pit Optimisation at Wonder North Deposit • Bluebush Deposit – close up drill spacing to enable Pit Optimisation
EAST KAMBALDA PROJECT • Sell or Develop Coogee Gold Deposit"
Remembering Celtic is about 1.1mt @ 1.7 g/t for roughly 58,000 ounces.
But how profitable can this be? Mining costs, toll treat presumably? Why isn't this information released even at a scoping study level of 'certainty'?
Re Coogee they have done pit optimisations at 950/oz - is that AUD or USD? If AUD why at such a low price?
Then there's Aztec Dome - what ARE the plans?
Why no JV to allow 100% focus on the gold story.
TMX Price at posting:
5.4¢ Sentiment: None Disclosure: Held
