Not if there are one or two more satellite deposits contributing ore to extend the mine life to more than 20 years. Mine life could get to 20 years on Antler alone given that it is still open at depth but Mike cant see the point of going deeper at this point. (and I agree) Mike's approach to the funding of the next 12 months supports his oft quoted desire not to dilute shareholders unnecessarily. I have been really impressed with the latest financial moves. He has said a number of times that he thinks he can put away about 60% of the cost of mine development through debt, so your targets are not wishful thinking. I reckon 1.5m to 2.5m tonnes per annum, for 20 plus years and we wont own it.
NWC Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held
