I agree with you. Pearl Croydon has a proposed mining rate of 5,000 tonnes per month / 60,000 tonnes per year. At a grade of 3 - 4 g/t au (and recovery of 94%) produces 1,365 - 1,819 ounces per quarter. At A$1,500 per ounce is $2.04 million - $2.73 million per quarter and becomes a major cash flow source to expand operations at Maldon. So A$1,500 / US$1,400 per ounce gold for ORS becomes another major catalyst.
The current plant is fully capable of handling this rate AND handling output from underground mining operations. Good luck to all longs.
ORS Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
