Not sure if we will get 50Mt, I was thinking 20-30mt. Costs for the proposed met process will be key. Heap leach for the oxide layer would be ideal, as I think the Au grades were pretty good in some areas (well over 1g/t)
I am wondering if Norm hasn't already pumped some cash in to tie AUK over for the next 6/12 months or so. Couple of mill should easily get them to the next steps in the project. It would certainly be better than a highly dilutive raising which would cane the SP even further.
AUK Price at posting:
5.3¢ Sentiment: None Disclosure: Held
