Now would be a good time to revisit the costs that Kingsgate were experiencing when mining challenger down near the 215 shear and past the 70 fault.
http://www.kingsgate.com.au/challenger-operations/
At current gold prices they should be able to mine the deeper lodes economically.
Management have achieved big things..balance sheet cleared..mine restarted..100% ownership of challenger..they have removed all doubt now related to challenger deep lode. Its looking damn good right now. Now all that needs to happen is the share price to run to 50 cents.
WPG can now target multiple fronts in the mine. They can continue to mine Challenger West but also have additional options available being Challenger South South West and also Challenger Deeps.
All new investors should review the older presentation link below.
http://www.asx.com.au/asxpdf/20160316/pdf/435w8n9lfj1gvs.pdf
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Ann: Western Gawler Craton JV dispute resolved,TYX-WPG.AX, page-14
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