Ann: Ballarat Exploration Update - Spectacular Go, page-38

re: Ann: Ballarat Exploration Update - Specta... good clip snowy
the new discovery means they will be targeting 80k to 100k pa production in my view, from multiple stopes. SLR is a good role model, they are now planning 4 independent narrow vein stopes from single decline, with around 50k pa production from each stope. The SLR lodes are vertical and parallel. Ballarat lodes are more complex than SLR's , just requires good planning and smart mine engineering and of course discovery of more quality lodes

150K is also achievable at CGT if they continue with the discovery success. Add Chetwon at 40k pa and 3 to 4 years could see a 200k pa producer and $600m to $800m market cap

glad i piled back in at 3.8