TMX 0.00% 0.4¢ terrain minerals limited

Well same, same - not much has happened but their outlined...

  1. 7,186 Posts.
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    Well same, same - not much has happened but their outlined strategy is as follows:

    "Maximise potential to generate cash flow by progressing all potential mining operations. Reduce exploration expenditure to level sufficient to maintain tenements"

    "BUNDARRA PROJECT
    • Undertake mining operations at Celtic Deposit in partnership with mining contractor
    • Update Great Western Pit Optimisation
    • Undertake Pit Optimisation at Wonder North Deposit
    • Bluebush Deposit – close up drill spacing to enable Pit Optimisation

    EAST KAMBALDA PROJECT
    • Sell or Develop Coogee Gold Deposit"

    Remembering Celtic is about 1.1mt @ 1.7 g/t for roughly 58,000 ounces.

    But how profitable can this be? Mining costs, toll treat presumably? Why isn't this information released even at a scoping study level of 'certainty'?

    Re Coogee they have done pit optimisations at 950/oz - is that AUD or USD? If AUD why at such a low price?

    Then there's Aztec Dome - what ARE the plans?

    Why no JV to allow 100% focus on the gold story.

 
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