I have been wondering that if they get a high grade deposit of around 400-500,000 ounces at 5 grams per tonne it might be big enough to warrant mining it economically. The mill would be pretty small, only around 300,000 tonnes pa and that would produce 45k punces pa over 8+ years. The pofits would fund their future exploration so no need for more dilution once it is up and running.
Any one have any views on this idea?
loki
MET Price at posting:
24.5¢ Sentiment: LT Buy Disclosure: Held
