CLZ 0.00% 0.1¢ classic minerals ltd

Ann: New High-Grade Lode found at Kat Gap Deposit, page-97

  1. 913 Posts.
    lightbulb Created with Sketch. 618
    Yep.

    I think investors need to know this, and how massive KG will be. I hope the company is plastering this in all investor magazines and klaus is lining up potential investors....

    IMO they have already finalised the JV discussions - because they put a mining engineer on the board who has already planned 80 mines around the globe. Why do this if they are not going ahead. The mining lease is the final piece of the puzzle i reckon.

    The approval of mining leases for KG is what we and the company is waiting on, IMO.
    Roughly, with today gold price - I did a calculation previously, but today if a 50/50 JV - each will make approx. $100M just from the 403K resource from KG, and imagine if that is doubled...
 
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