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9.3¢ prospect resources limited

Ann: Lithium - option exercised, drilling to commence-PSC.AX, page-69

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wozz73

274 Posts.

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17/06/16

07:14

Post #: 18053179
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Originally posted by 043110 ↑

Slow and steady progress.

The drill tip will do the talking with the lithium.

I am very keen to hear where our gold is up to. First gold was last quarter (from tailings) This quarter they are mining and stockpiling new ore, and presumably treating it at the Farvic toll mill.

We're unlikely to be cash flow positive from the gold in Q2, but I would like to see steady progress towards the 20,000oz production target they have set themselves by mid 2017.

If they can reach 20,000oz annual production, at conservative gold prices of USD1,200 and all in sustaining cash costs of 900, that would be earnings of USD 4.2M per annum (after taking into account 70% stake).

A JORC over the gold would be fantastic, so we can put a value to the gold in-situ...perhaps ($40 per oz resource in the ground)

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Always happy to read your post... very settling and informative
Thank you

PSC Price at posting: 2.1¢ Sentiment: Hold Disclosure: Held
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Last 9.3¢		Change 0.000(0.00%)		Mkt cap ! $53.00M

Open	High	Low	Value	Volume
9.3¢	9.3¢	9.2¢	$13.93K	151.3K

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No.	Vol.	Price($)
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Price($)	Vol.	No.
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No.	Vol.	Price($)
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4	194100	0.090
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Price($)	Vol.	No.
0.093	6636	1
0.094	23936	1
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