“Random question - cause our mill is not going to be working at full 100% capacity, could GCY look at buying or processing ore from other companies nearby? It is a common for smaller goldies wanting ore to be processed using a tolling agreement?”
Good question. I think they should look at GML. There is immediate potential to define high grade open pitable resources below the existing Whistler Pit with further high grade UG potential, this will happen in the next quarter or two. This ore will be of high enough grade to truck the distance IMO and could lift the grade and provide a reliable ore source through the Dalgaranga mill and could help relieve pressure on the project. There is also MGV but their new high grade Lake Austin discovery is not advanced enough yet and their high grade BOD/Lena deposits are tied up currently in a cooperation agreement with WGX. GML has no tie up and could be a relatively quick sugar fix on the grade side. Esh
GCY Price at posting:
11.5¢ Sentiment: None Disclosure: Not Held