ODY 7.69% 2.4¢ odyssey gold ltd

Ann: Maiden Shallow Mineral Resource at Tuckanarra Gold Project, page-34

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  1. 12,060 Posts.
    lightbulb Created with Sketch. 6868
    Hey CB, sometimes I wonder whether anyone every actually takes the time to read through an entire MRE document....
    While I wish ODY shareholders all the best, why has no one even mentioned that the MRE is not for one pit... not two pits, not three... but SEVEN separate pits. Only Cable sits above 100k. The Highway zone is probably not even worth looking at as it has... a highway over it, which would need to be moved 1.2kms. WGX is simply not going to be interested in such small open pits, at least with their current sizes, especially when they likely do get expanded further, will the grades strengthen, or... reduce?

    https://hotcopper.com.au/data/attachments/5517/5517147-e47fed874d3f7e8de94258808e35d6ee.jpg

    https://hotcopper.com.au/data/attachments/5517/5517150-18fb64e579b9b9fa791249e545a354ae.jpg

    Then you have my major bugbear, ODY only own 80%. Monument own the other 20% and... seem to think they will have the ounces for their tiny plant.
    260ktpa would require a seriously high grade deposit to ever justify turning on.!).

    https://hotcopper.com.au/data/attachments/5517/5517158-1d8a5ee0b73126bceb3f71d3d6f3efba.jpg

    Making comparisons with MGV seems very premature, though I do think the tenement and deposits have good upside with a lot more drilling.
    If... they can prove up a good sized U/G resource, then I think that would make a far greater change to the value of the overall project.
    Anyway, good luck to all, just seems ODY is perhaps rightfully, being careful with their cash, but... also means not a lot of drilling.

 
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