CLZ 0.00% 0.1¢ classic minerals ltd

Ann: Mining of Bulk Sample Approved, page-64

  1. 533 Posts.
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    why would you buy a Gekko of you were toll treating?

    that is the equivalent of signing a 12 month rental agreement, just bene you move into your newly purchased/mortgaged house.

    you don't do both.

    100k oz resource is ok, it is not a reserve, don't get that confused. a 100k oz resource is a nice satellite deposit. a listed company would never aim for production below 80k pa.... classic doesn't have anywhere near enough.

    a small campaign mine with toll milling is ok to reduce dilution and generate cash. but this company and asset is well short of being a standalone producer.
 
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