Yes it would have to be a pretty big plant at 1gpt, its going to lower the new (merged companies) overall average grade, it’s definitely better for MRP but not so good for IRC... However we have plenty of time to work out the metrics, and we can op out if things don’t crunch... if gold goes up over the next six months (with potentially the everything bubble popping) this could be a very good option. IMO[/QUOTE]
Aimee 79-appreciate your comment.
To make a point however it was never envisaged by myself that Boorara would be limited to 1 gpt.
Maybe my post was misunderstood or not clear enough but I particularly drew attention to
MRP's latest very promising drilling results.
Also emphasised that "in Jon we trust" on this issue.
However each to their own view on Boolara's ultimate success or failure.
NB we seem to agree that a "cop out" by either party wouldn't be too difficult
with very modest break fee.
Good luck.
IRC Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held