I reread that and what I think they are trying to do is do enough shallow drilling between the two resources and hope they get enough say 0.3% CuEq material (above cut off ) or above to bring in low grade tonnes ( better than waste ) to allow them for resource reporting purposes only first up to do a big pit that will also bring in some of the deeper drilling under existing open cut resources. But for an actual operation and what I mean as a starter pit is that you start much smaller on the high grade areas within the bigger project to get solid operating cash flow before you do a much bigger cut back. Who knows and all will be revealed. I’d like to know who is doing the PEA work as this is mining, not geology. I could be totally wrong here as well and maybe they go for smaller pits before heading underground.
What I am expecting is guidance as to what next before they can justify going to from scoping to PFS or the 43101 equivalent
XAM Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
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