I've got a reply from John Barr to my questions about Molyhil and DFS. He wrote: "The 45 m capex is based on all new equipment. There will be some savings of at least 3,6 m as stated in the release. Unfortunately costs are moving rapidly here in Australia, so we must just do what we can. The cash flow/mine life has not changed that much (compared to Scoping Study) and we are certain that this will increase in the open pit as we progress...these numbers do not include any underground development. That is why the mining reserve is only 1,1 m t compared to the resource of well over 2 m t. Drilling is now planned at Molyhil in February. This will be to test below the planned open pit further as well as to try and extend the hanging wall, which is not in the current numbers. The rig will then be used to drill for U at the priority targets. We have recently finished an airborne survey, and another field trip, and the results will be in the Dezember quarterly. I am in Singapore today meeting financiers and offtake parties. I hope to have good news for shareholders in a few weeks...."
THR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)