Ann: Norton Gold Mine Joint Venture Executed, page-49

Great reporting AKQ. Mining in three months!!!

Great that we don't need the sorter box ( maybe later on for Granite Castle) as that would have been more time and money. So they can visually sort the gold carrying ore from the barren rock - big bonus as that means the 2000-3000 tonnes a month is high grade ore they will be processing, probably averaging above the 9g/t before crushing and concentrateing. Saves on all that extra diesel they would have otherwise used processing low grade ore. It could be that the concentrate ends up better than 3 ounces/tonne.

Akq, in todays ann IK has drawn a few more possible shears west of Frampton, did he talk much about these? And I can also see in the ann how the Chandler shear is drawn extending to a point where it intersects with the Frampton shear and it appears the best high grade stuff is at that intersection. Is thia we he is targeting first mining? Did he talk about when they will mine the Chandler shear?

That $3million figure has got to be Nett. IMO the worst/best ROM grades will be 8-10g/t. Lowest/highest tonnages per month will be 2000-4000t. Lowest gold production = 6,000 ounces per annum = $9 M p.a.
Highest annual gold production = 15,000 ounces p.a. = $23 M p.a. So they would have beeen Nett figures that IK was talking about.

So that dividing up the $$$ was that your thoughts akq or those of IK?