A review of "the potential Capital and Operating costs and for operating a semi-transportable CIP/CIL plant with an estimated annual throughput of 500,000 tonnes of ore per annum".... "demonstrated the project economics look attractive"
"assessment to date shows the projects to be commercially very attractive".
A couple of quotes from recent ann (23rd Aug).
Mgt are there to talk up the potential of course so make of it what you will. Not enough detailed work done yet to speculate too heavily on potential per oz cost basis figures. But grades are hi and deposits are shallow easy dig type so two boxes ticked for increasing profit margins, just need to increase the overall jorc imo. And we're in the process of doing so (a ways to go yet for that though) and its looking highly likely to increase. Hopefully, the "size" box gets ticked as well. Current jorc is nothing to be sneezed at however, not at our current mcap, thats for sure.
DDD Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
