Grade is good but yes its on the smaller side than expected. Fairly shallow and open pit accessible
In ground value is about 2mil
ballpark NPV for the project is 10-15mil
Just going back and comparing with some of my notes + previous announcements helps me put things into perspective:
-todays announcement "next steps" aligns with previous announcements and timelines (all be it pushed out 2-3 months from below)
-yes theres scope to extend the MRE
-getting WSD into production could provide a nice little cash flow for Empress Springs
-capex requirement wont be large
