Hi Scim
They acknowledge that there is value getting into the deeps at MS...however that will cost a few million to dewater and refurb the shaft...
...it has been underwater for years...so if it isn't rusted it's probably rotted.
The game plan that I believe is being followed is to drill up at least 3 resources (which would be Stacpoole North, McNallys and Stones at MS plus RoD) at this stage to a level that provides TDV with confidence that they can be profitably mined with say 6-9+ months continual processing. I would envisage current drill program will define (or not) these resources by Jan/Feb 19 and if all is well, plant will commence processing Mar/Apr 19 on a continual basis from that point onwards.
This way the drilling team can target other areas within MS/RoD and prove up further resources so that the MS can continue once (and if) Stacpoole North, McNallys and Stones have been depleted.
The ideal scenario would be to put in a decline, but again that will cost $$$ - so right now it is prove up the resource, then commence mining to process that material at MS plant, bring is some much needed revenue to keep the drill bits turning and then access best way to progress with some constant cash flow.
Also, TDV is very happy with performance of the MS processing plant and it is actually recovering circa 93-95% of the gold from head grade. It is just a matter of when they have the material stockpiled, they can start processing it...the plant has been tweaked and operating nicely.
The K
