All of the above is achievable, but there is significant time involved and great cost. Even to go underground mining on the current MIN5412 they would be required to prepare a Work Plan prior to the commencement of mining which would be reviewed by ERR and other government agencies
I have no doubt that a Work Plan has to be submitted along with a few government depts putting their fingers in the pie - that's a given. But if the ramps (and we are talking an underground mine here and not an open cut) and the processing occurs in Nagambie - the Nagambie Licence will be used with the appropriate extensions and approvals. If they were to "open cut " Cahill - then I would agree with you.
But at this stage we are putting the car before the horse aren't we?
If they find gold at the surface they may open cut mine Cahill
If they find at depth they may put a ramp down from Nagambie
If they find diddley squat - they will move on top the next target
At this stage we are debating how to cook the fish
and we haven't even caught it yet
NAG Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
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