“Plus, the scoping study doesn't point to cheap recovery”
Are you serious!?
The scoping study points to ASIC of between $1000-1100 which is lower than most of the mid-cap miners such as SLR, DRM, RMS, MOY and equal to that of SAR, which is the best performing gold stock of the last few months.
Plus, the deposit is within trucking distance of SBM and DCN processing plants and both companies are looking for additional ore to process through their mills.
24min drive to SBM's Gwalia mine.
1 h 33min to DCN's MT Morgans project
1 h 34 min to SAR's Thunderbox mine
1 h 49 min to Paddington mill
Ann: Scoping Study for Ulysses Gold Project, page-10
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