Ann: Quarterly Activities Report - December 2018, page-69

Hi @goldtowin

We aren't disagreeing on the conglomerates. I'm hoping for 5gpt. De Grey would be happy with 3gpt (my opinion). Its just the route to get there.
How I see it and just my interpretation and make of it what you will.
The initial focus is to get to 100000+ 0z and 7 year mine life ASAP so they need some good results, get PFS done, get financing and get mining ASAP while the GP is high. My understanding is they don't need 3m oz to start mining, 2m oz will do but there needs to be some higher grade.
It's only the structural that going to achieve this in the short term in IMHO and from what I've heard.
Once this is achieved all hell may break loose as an extra couple of $m in the scheme of things for a Tomra is 5/8th of stuff all where as right now its a lot of our capital with no guarantees.

While structural is the priority they will keep progressing the conglomerates. I've never said I don't believe in it and in fact the opposite many times but I have also said I treat them as the BONUS. The cream and you can never have enough cream.

How cool would it be to chuck in that 55000kgs of sort ore every week, you just gone from 100,000oz to 150,000oz production without blinking.

While all this is happening Novo will have spend a bucket load more cash on conglomerates and refining how the Tomra works. How much info they share will be interesting.

My gut tells me management are being a bit coy about 2m oz by end of this year and 3 million next year. I got a feeling it will happen much quicker and there will be significant upside in the short term

Here's hoping we get a feast of good news from the assays and 4+gpt from the rest of Louden's samples.
At some stage the market will wake up and when it does it will be on.  imo

Shalom