Originally posted by mal230355
It seems always to be confrontational with you vertigo.
You arent even willing to say whether MS can be mined at a profit but are quick to try to disparage others.
I think the naysayers have been right on the mark so far!
You will always get high grade hits, look at Maxwells from the past. Can any of these reefs be mined profitably. Jury out imo bht nothing I have seen in the results fills me with confidence.. Your opion ?
Regarding the plant.... it didnt function satisfactorily for MCO but I dont recall anyone saying it never would. Jury still out as to its overall ability to recover high percentages. Your opinion?
I dont recall, any statements about directors 'money in the game'either. Please orovide examples?
A big 2019, well, imo, its make or break as far as Im concerned.
80000t plant capcity p.a. at average 5 g/t is around 13000 oz per annum.
At $500 /oz profit is $ 6,500,000 profit. Enough to excite the market and a significant s p increase? Your opinion?
Mal
Just some clarification round some of your points:
"You will always get high grade hits, look at Maxwells from the past. Can any of these reefs be mined profitably."
You are aware that 200,000 oz has been historically mined out of the Maxwell reef and profitably and when the PoG was lower than today - yes?
"Regarding the plant.... it didnt function satisfactorily for MCO but I dont recall anyone saying it never would. Jury still out as to its overall ability to recover high percentages."
This Q was raised at the recent AGM - TdV answered that the plant recovered some 93+ per cent from the trial mining program and that they were looking at ways to improve that figure...is that a high enough %'age for you?
Finally:
"I think the naysayers have been right on the mark so far!"
The "naysayers" as a colloquial collective group have made the following statements in various forms many times:
AUL will never raise the cash to buy MS from Chillee - WRONG.
AUL will never do a deal with Shandong for ownership of RoD - WRONG.
AUL will never raise any substantial money from a CR/SPP - WRONG.
AUL will never mine (or pour) 1 oz gold from RoD or MS - WRONG.
AUL will never get the MS process plant up and running - WRONG.
AUL will never find any gold in the MS uppers - WRONG.
AUL will never...
...and so on and so on.
TdV has made the statement that the MS plant will commence processing again in Qtr 1 2019. Let's see what he can deliver then.
Cheers The K
