No wonder the share price is at 14c with inaccurate reports like this.
"The company has a resource of 2.5 million tonnes at 1.38 g/t for 113,000 ounces of gold"
That is just the satellites, doesn't include the main pit or koting
The correct resource is 1.49m oz of gold (only 8 times more)
"We estimate that mill refurbishment will cost in the order of ~A$30m with a further ~A$15m for pre-strip/de-watering costs"
The Doc has stated in the Dec 7 interview (my transcript)"had manufacturer thru the site, might only be a few million $ to refurbish that, working on a plan to reconfigure the tailings dam, that'll be more money than that"
So they've overstated the mill refurb - $30m (expensive bearings) by 15 fold, the Doc insinuated more than $2m to reconfigure the tailings but I don't read into it $15m. Previously he had said they'd slurry up the tailings in the main pit & pump it out along with the water. Expensive pumps!
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