Hi westaussie
MARCH 2019 QUARTERLY REPORT Page | 7 Drilling results to date clearly indicate the presence of a gold-bearing system of significant extent. Review of all the exploration data and incorporation into the new geological model will underpin the new strategy of identifying and mining near-surface mineralisation to generate cashflow to fund the ongoing exploration efforts in 2019 and beyond, and to open up significant deposits below the surficial cover.
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Reading the piece above from the last Qrtly report, got me thinking, why didn't management think about doing this long before now.
After drilling Crown Prince, they new there was sufficient gold there that they could mine reasonably easy and they new there were a couple mills nearby that could be utilised to process it.
30,000ozs must be worth at least $5m + profit?? That could have kept the bank a/c looking a lot healthier.
I'm not a geologist or mining co. executive, but looking at things now, it makes me wonder why they weren't considering these issues before.
THINK OUTSIDE THE SQUARE, you might become better at what you do.
At .008c it must be worth a punt.
Regards
Dabru
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