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707 Posts.
78
08/05/18
15:20
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Methinks that they will get reserve well over 1 million oz as the scale and thus mine life has a material impact on overall economics.
The current reserves are too small to justify the mooted capex - but double the reserves and the numbers will improve significantly.
In addition, if they can find a lot more higher grade tonnes, then the economics will be even better than if its just more tonnes at the same grade.
Lots of targets = lots of money for drilling - so little time!!!!
This is a foretaste of better times ahead.
A company valuation north of $100m should be a walk in the park if the drilling programme has further great results like today...
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