Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-11

"Not denying the dirt is not prospective, but... at the pace GBR drills, we could be waiting a long time to see anything."


Hi @speculator101 Recent drill results by GBR are disappointing , for investors , (maybe Andrew sees something we don not ) which has slowed down the rate at potentially increasing the economic ounces IMHO , not managements fault IMHO as that is part of exploration , if the results had been good sp would be higher and we would all be happy with progress .
Maybe time for GBR to change tack and look at monetising ounces rather than increasing ounces as the prime objective ?

With MEK a small plant would be ok if processing high grade ounces as you infer , which likely be from Andy Well UG . But given Doray did not continue at depth what makes you have any confidence it would be economic to mine going forward ?
Yes I have read the feasibility study put out by MEK found the costs per BCM for the open cut seemed to low so I am not confident about the figures used for the UG , and UG has more variables that need to be known than with open cut .

As for the two open cut pits MEK has , they seem to have far higher strip ratio and far lower grade than what GBR would have (my own calculations) , so would think GBR has the advantage for any toll treatment agreement over MEK and OAU for the same reason has an advantage over GBR .
I am not a professional miner so quite possible totally wrong on my assumptions .