Here is something to think about over the weekend, I am fairly sure the following is true:
- 5 pods have been found at Rising Sun (Nobles Nob produced 1 mill ounces from 4 pods)
- Depending on the grades at Rising Sun I can foresee between 200,000 to 1 mill ounces being added to the current JORC.
- Revenue at $900/ounce :
~ 200,000 ounces = $180,000,000 (ok)
~ 500,000 ounces = $450,000,000 (Woohoo)
~ 1 mill ounces = $900,000,000 (BONANZA)
- As depth of gold is low, hopefully extraction costs can be kept to a minimum.
- This is on top of the 500,000 ounce JORC figure all ready released.
- Rising Sun is looking like the cherry on top of the cake.
- I assume the deeper diamond drill results are still forthcoming (targetting another 1 mill ounces)
- Copper
- Tanami ?????????? WTF ???????????? Must have employed the laziest/slowest Geophysicist in the world.
- DYOR as I am heavily invested in EXM and hence are quite biased in my views
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