re: Ann: Update on Nicolson's Feasibility...
Surely would depend on the institution.
Someone like Acorn would be interested I would have thought.
20k ounces a year at that sort of margin is throwing off a lot of free cash to explore what looks like some pretty reasonable ground.
And with 300k ounce resource they can do it for a long time!
I dunno how much a new leach tank costs but we can pretty much double production with the purchase of one.
The existing plant may be nearing ten years old but its never been used( I think 70k tonne put through it which is nothing).
It just cant be going to cost that much to get this into production and with only 70mil shares on offer, they do have some scope to raise funds and not wipe out existing holders.
BNR Price at posting:
12.9¢ Sentiment: Buy Disclosure: Held
