Once again, it's not a "terrific find". That's a misleading statement. It's not a "find" at all.
Look at the multitude of historical holes on the plan.
This project was drilled out years ago and they would have done the numbers on it years ago -
it's a known resource. All ARS have done is plug a few holes into it and done a big CR - easy money.
The critical question is why wasn't it mined years ago? POG, unfavourable metallurgy (certainly a factor), economics didn't stack up, not enough tonnes, environmental bonds, all of the above?
It's pretty obvious that it's a supergene enriched orebody and they're going to struggle to find a lot of tonnes in the fresh rock.
Has anybody sussed out why it h
asn't already been mined? If I was thinking about investing in this I'd certainly want to know.
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