AUZ 0.00% 1.0¢ australian mines limited

Ann: BFS supports strong commercial case for developing Sconi, page-850

  1. 3,575 Posts.
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    Hi Fabs,
    I have clearly stated the following.
    My calcs are for only indicated to measures.
    So 6.8mt and 4mt total 11mt for Greenvale. Av grade 1-1.1%
    Around 1mt for Lucknow but too early with results thus far. Av grade .216%

    Yes 1.3NPV add to this 12mt from updates with only 25% assays returned. IMHO 2bn is conservitive. I do take offence my calcs to being labelled, "just a stab in the dark". The aim in my calculations is to see what the trend is in the Sconi resource not to quantify exact tonnages and grades. I need to be on site to fully understand seam characteristic and sampling visuals. The fact that there is some high quality ore proven for blending the lower grade is extremely positive for consistancy at the ROM fingers. For a good feeder operation the geos need a good finger sellection. We seem to have this in spades thus far.
    This complete drilling infill program pending, if shoiwing continuation of the trend, is on course to show doubling bankable quantum.
    So BFS 33mt bankable
    My calcs thus for 12mt 75% results pending hence a possible 48mt. Inclusive Lucknow Kokomo and Greenvale.
    Fingers xed continity in quantum is constant with each next company drilling updates.
    IMHO
    Cheers...off of work.
 
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