I've visited Bullant and frankly that's why I'm in. It's a nice selection of very experienced miners and managers feed up with the corporate sillyness that pervades other operations. These are my observations only. The vibe is certainly very positive and those I met were experienced stagers. The progressive attitude of the managers is in my view attracting the elite underground miners and staff who ten years ago were at Fimiston for KCGM. There was plenty of machinery in operation and it was springboarding off the considerable infrastructure left behind by Barrick. I'm not ramping this mercilessly but I wish to inform others that their enthusiasm is justified. IMHO
What's it going to do?
Could it double in value? : yeah maybe but it's a boutique operation mining essentially what Barrick left behind(airleging). This isn't SLR. I think there's exploration upside. It's pretty luxurious that there's enough there to pull out a very tasty stipend already. I'm backing when they go deeper they will go beyond raiding Barricks old drives.
I suspect that there are plans afoot to utilize the full capacity of the Mill (500000) TPA. I think it's more likely that USN (Kalgoorlie Mining Company) will be the vehicle for a suite of interests in that very prospective region. That mills crying out for more dirt. What a score it was. It's a big boys mill, easily added to later.
Just some thoughts...............
If your just a punter in Sydney or Melb, hang on, it's early and if your in now you're sharing the ride with some who have Gold frequent flyers.
USN Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
