I think you can consider them shallow in the context of their...

I think you can consider them shallow in the context of their dip and strike continuity and the likely low strip ratio that might be achieved. The Bibra pit has a strip ratio of 4.8:1 and Tranmore seems to have a similar shallow dip (of 25 degrees).

Have a look at figures 3 and 4 in the recent reserve upgrade announcement. There are still over 8,500ozs per vertical metre at a vertical depth of 100m and 300,000 tonnes of ore in the 10m bench from 90 to 100m (vertically) at Bibra. I don’t think it takes much imagination to see a big extension to the Bibra pit that takes in Tranmore and the Southern Corridor mineralisation (ie a superpit). Bibra looks to already be about 800m long and about as wide. Tranmore could add the same again to the size of the pit.

Maybe the low gold price is just what the Doctor ordered for this company and investors. Get the resource up to 2Mozs and wait for the gold shorters to get there britches burnt when they suddenly realise that countries like China, Russia, Turkey and other countries in Europe like Germany aren’t just playing around speculating with gold, they are building and repatriating gold reserves to use as a medium for non-US dollar trade. The heavy shorts in the US futures markets might be doing the US’s bidding at the moment in the trade war, but it’s absolutely futile to try and drive the US dollar price down if the people buying the gold aren’t interested in the US dollar price in the first place. When China and Russia and countries on the Silk Road come to do deals on energy and other goods and services based on their SDRs (which will be largely backed by reference to physical assets like gold reserves) the price at which gold trades at in New York will have little baring on those exchanges. One day the US gold shorters will realise they have actually been shorting themselves because when the rest of the world dumps or defaults on US debt and turns it’s back on doing trade in US dollars then that US debt and those dollars will flood back home to cause inflation on US soil, along with the inflation that directly results from US protectionist policies. The last thing you want to be short of is gold when inflation starts to rise.

This should be a very good gold stock come the time the real implications of Trump’s policies bubble to the surface. Esh