Thanks for the contribution. Like you, I believe that Tectonic has great potential, and has reasonable good management, in spite of a couple of mis-steps.
I think 3% head grades from RAV8 is fabulous news -although cannot understand how the mine was closed as uneconomic with this. Together with the Burnakura revenue, they should be able to drill more at Phillips River to expand the resource base, or put money towards new mining equipment.
My questions on PR are around what synergies exist for extraction & processing the multiple metals that are present. Is the high mine developnment cost (circa $35m) because Gold Copper Silver and Lead require separate processing plants & should also be sequentially located to minimise handling cost? Or are there other reasons?
TTR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held