TR certainly did say that and would be over the moon to have...

TR certainly did say that and would be over the moon to have half a million tons of 4 Oz/ton gold equivalent at SA (~~$A6000/ton!!!! ore).

Unfortunately the reality, as you probably know, is likely to be somewhere between that and the Zero line on the spread sheet as shown by the variation in previous drill results. Co for example:

TR did seem fairly confident the Sara Alicia drill results will be out later this month so shouldn't be too long before some more accurate numbers could be plugged into the rough calculation above.

Anything towards the upper end will probably see further drilling and a tough competition (IMO) for the surrounding land.

If AZS are the successful ?bidder then expect another ?CR later this year to fund an exploration program on possible extensions and porphyry exploration. JV? Whatever... some serious money will be needed to follow up success at both SA and Opasura. This is where explorer vs miner will really come into conflict - Hopefully both are possible.


If a competitor gets the land? AZS has to decide if there is enough on the 9 hectares for stand alone production or negotiate some sort of deal - sale, JV etc.

Lots of ifs - time will tell. GLTAH