re: Ann: Kirkalocka Gold Project Feasibility ... Looks like the market does not like this feasibility study one bit. I think if the gold price can hold up at current levels and they are able to ramp up production quickly then it should be OK. More drilling is definitely required to get the resource up a bit to extend the LOM. the other main thing in this announcement is the high cost of production. Low grades are making for an expensive process.
Not sure what the plan is to raise cash for the plant and equipment but if the SP keeps dropping it doesn't bode well.
Time will tell.
Rookie
re: Ann: Kirkalocka Gold Project Feasibility ... Looks like the...
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