It's worth commenting that the resource estimates that have been made for B4M have a cutoff grade that is in excess of most of the exploration results of the wannabees. From memory it is either 300 or 500ppm.
That cutoff reflects the issue of recoverability arising from the most likely mining method ie. ISL. However, as these results improve and extend the high grade and lower grade halo areas, I would imagine that the scoping study would have to contemplate open cut.
There are many issues with the possible open cut, not the least of which is that AGS has only a 25% interest and their partner owns the nearby ISL plant. The economics of ISL is certain however, be very robust, and would represent a simple approval process. I won't go on, but there is plenty of potential for discussion around all of these issues.
regards DF
AGS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
