there it is first mention ive heard of toll milling at nullagine...

there it is first mention ive heard of toll milling at nullagine
good read and a better valuation hopefully 11-15c is right (page 25)
https://hotcopper.com.au/attachments/1dcn02j-20180405-pilbara-playbook-1-pdf.1050295/


36,300ha under control which have historically hosted +200 mines • Land package has not experienced any mining in the modern era and limited exploration • Recently identified 45 high priority exploration targets in Pilbara, to be followed up with mapping, rock chip & soil sampling • 9.9Mt at 2.06g/t Au for 654,000oz (0.5g/t cut-off) • Mineralization outcrops along the entire strike length of 2.6km, within the unexplored 12.5km strike of the Klondyke shear zone • We see resource expansion potential to >1Moz as exploration continues along strike, which may prove to support a standalone operation or toll milling at Millenium’s Nullagine project 65km away Source: Company Reports Source: Company Reports Figure 29: Cross-section of Klondyke deposit Source: Company Reports Figure 30: Standing in the middle of the deposit looking A) West and B) E