CLZ classic minerals ltd

Ann: Results of Meeting, page-23

  1. 4,002 Posts.
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    The point it no-one knows what's there. because it hasn't been drilled properly. The overall resource has not been defined and modelled.

    It is part of the Bain sale contract , that there needs to be more drilling to verify the gold is there, else Bain won't settle.

    Who would be stupid enough to trust this lot , to do the right thing.
    All that's happened so far , is they have got the vote past to sell Kat Gap to Bain , but the transaction hasn't been completed yet.
    The verification drilling needs to ocurr and it needs FIRB approval.

    The deal might fall over , like all other deals they have done.
    There was a resource model done on a small section of Kat Gap , but it was only for a small open pit.
 
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