Have been watching this one, haven't dipped toes in yet couple of concerns, also share price keeps coming back, i was originally tipped at 7.5 cents....Notice there is a few familiar posters from BLK, thought id raise a few questions?
What are we expecting in terms of resource upgrade?
Just at a glance i get 500k/oz of potential mineral inventory @ 1-2 g/t, however only JORC is Corboys right?
A lot of talk of Julius being ideal at 4g/t, but seems results there are only 200k/oz at 2g/t at this stage, infill drilling now underway?
When are they drilling for reserves and actual mine life, mine studies, PFS/DFS and were is cash coming from for this, i read they have $2m on hand?
Comparing to DCN and BLK will take at least 6 months + after JORC resource is completed/established and $10m minimum?
I read they are targeting 3-5mt @ 2g/t for start up, do people here think 5mt @ 2g/t is enough ore/mine life for this plant? If so when are we expecting mining/production to commence, seems may be some time yet, 6-12 months depending on funding?
Plant looks good, seems minimal cash needs to be spent, has company given any actual guidance from engineers as to costs here, i couldn't find any?
MKO Price at posting:
4.8¢ Sentiment: None Disclosure: Not Held