but based on prior economics from morilla, we are already in a low cost environment. Metallurgy results were exceptional and also confirmed that we wont require excessive power due to the favourable characteristics of the host rocks that contain the gold.
also, RFC ambrian were confident enough to release a resource estimate prior to additional drilling from Ntoila of 200,000oz at 2gpt. further drilling extended this, so im thinking 300-350,000oz at 2gpt isn't too unreasonable either... and there could easily be upside based on what Aptayl has modelled previously so there could be up to 500,000oz at 2gpt...
the one thing that is certain is that the gold price is moving north and our costs appear low, so dropping the cut off grade opens scope for more oz, so really, I don't think Ntoila is small...
its just up to those who see this, and those who don't...
those who see this, then see how incredibly cheap this is as we appear to have a clear pathway to production.
BGS Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
