"The small cap environment is still horrible and that is definitely adding to the resistance selling. I think seeing the Gekko plant and news of the millions of profits at current gold prices may wake up the market and get us moving towards a mid-cap player in the next year"
True on the small cap market in the douldrums ,
Would it not be easier to ship the ore up to CYL's Plutonic Plant which is on the Great Northern highway .? I also see MEK (down near Meekatharra) is looking to go for financing their Andy well area project which will have a small processing plant , personally doubt if the MEK project will get financed as I just can not see the low AISC they state , if EMC proved up some good grades and widths , moving into a small but high grade open cut idicated resource , maybe it could be good initial feed for MEK to get them across the line for financing - just conjecture on my part .
Doubt that gekko plant would be that good at getting recoveries over 80% even in free milling ore so a lot of gold would be left in the tailings unless they then got to add a CIL circuit to the back end . Every time I see a Gekko plant used I think amateurs are in control , after seeing what happened at the morningstar mine .
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