AIS aeris resources limited

AIS - EW Chart, page-84

  1. 6,866 Posts.
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    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.

 
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