A Word of Warning, page-71

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ThePig

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21/04/18

13:31

Post #: 32603647
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Originally posted by Anacott Steel ↑

Great summary of hope! A whole new approach is needed for MS, and a whole lot of money is needed to seriously make progress, and not just drill a few holes find something that looks good to quickly run through the plant and pull a few really small ingots...will only buy some more time.

The days of hauling ore to the surface are over if not deep by winder, keep in mind the deeper MS went the richer grades became not to mention a second winder was needed from L18 down due to the angle of the orebody, the only real way to resume interest is a decline, as there is plenty of targets close by let alone what is not discovered close by,

So some advice for investors, look at the logistics, not just the shiny new mill, but how the ore is being moved undergroung (loco) if a double cage double drum winder for TPHr, condition of the shaft, dewatering, cost to go lower, getting multiple drill platforms for targets, multiple working levels, time to get men, equipment underground, then pull ore...location of woods point says it all.

But if history repeats its self and $1.10 was achieved with far lees than what is there today, good luck to yourselves, i'm still a big believer in MS only if the right direction can be achieved, with a decline, most of the problems become obsolete, but like they say its only hits and misses in this game.

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Why not throw a few grand into the stock and recoup some of your losses? Might cheer you up a bit

AUL Price at posting: 1.2¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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A Word of Warning, page-71

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Banshee's historic trenches prove rich in antimony and gold for GDM

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels