I think there was much to like intoday's announcement, such as:
- Nearer surface ore at a grade that will make a difference to project NPV
- Whilst more drilling required, currently have the funds to do so.
- Preliminary findings of pilot test work programs encouraging and BG quoted as saying an announcement on that in the next few weeks.
However, what I think I almost liked more was the level of detail given intoday's announcement (and some other recent announcements).
For example, compare:
- The two page and a bit page announcement we got on 9 November 2022 for the much awaited process plant flow chart - and that two and a bit pages included diagrams with no appendices or technical information.
- Versus -
- Today's drilling update announcement with a 5 page announcement including another 50 odd pages of appendices with things like a drilling history and all the technical data one could ask for to get an understanding of the geology.
From here, I hope that:
- management keeps a high level of detail in theirannouncements;
- gets that pilot plant test work announcement out "within thenext few weeks";
- gives us a clear timeline for further drilling and anyresource announcements; and
- confirmation that funds are available to get to aresource level without needing to raise capital.
- It would also be great to seesome preliminary economics - but not sure if that would be possible until aresource on the near surface ore.
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