re: Ann: Glenburgh Exploration and Feasibilit... Hey Guys, been away for a little bit, excellent recent update.
Hoping next week should contain more drilling results -
"Infill drilling to allow resource conversion from Inferred to Indicated as part of the current feasibility study has been completed. Samples from a total of 64 drill holes are currently awaiting analysis in Perth. These results are expected in the next two to three weeks."
I really like how proactive management are regarding all the requirements required to be completed for mining to eventually commence. In my mind, they are indeed going to get a mine up and going, unlike with Giralia which was always about simply proving up the resources (IMO).
They are cashed up, drilling like crazy and Feasibility study is progressing.
Just hoping one of my other gold stocks performs well enough so I can move more capital into GCY.
Lastly, just having a little read through the June presentation, it mentions that U/G mining could also add to production, it states 30k-55k extra, that means GCY could be looking at total production of up-to-
50k-85k (open pit)
+
30k-55k (underground)
80k-140k. Wow. That would be very impressive.
Now I am guessing that will not be straight away, but does show that GCY has real a real growth profile.
Thoughts?
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