Nah mate, they'll find more. The existing lodes alone will keep Cracow cashflow positive for way more than 4 years, they are open at depths. The existing lodes are difficult to convert into JORC without investing $ into it long term. It is fragmented in a wide area and variable the closer it is to the surface. But a different story at depths, it will take a few years of UG mining to get to the good stuff... Which not many BOD have the patience for.
It is one of those assets that will take a decade or so to turn into a tier 1. Who knows, if the 3 new exploration targets hit a big find then this will be a tier 1 operation after a simple plant upgrade like EVN did with Cowal.
AIS - EW Chart, page-84
Add AIS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
18.0¢ |
Change
0.005(2.86%) |
Mkt cap ! $174.1M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.5¢ | 17.5¢ | $213.4K | 1.185M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 24856 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 106134 | 7 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| AIS (ASX) Chart |