As Saracen mentioned, most of the herd missed the real gems in this announcement. Some with comments like: "nothing new in the release" ... "aruwurra is a duster" ... "big deal" and "I will get excited when there is something to get excited about"
LOL
ONE read, and I was hooked! TWO reads and I was in love! Three reads, and, well put it this way, no-one is geting my shares!
High grade DSO grade material is everywhere, including the mudstone & breccia. It was obvious from the early trading that while the market liked the announcement, most had missed the real significance of it!
Any hint of a doubt that remained in my mind about MAK is now well & truly removed. I am 100% sure that mining will begin at Aruwarra, with DSO production for at least the first 3 years or so. Aruwarra, on its own, is now a "company making" deposit in its own right!
In the meantime, Wonarah is going to be proved-up to be a long term mining operation, with the high grade portion proving to be MUCH bigger than the previous JORC indicated. I see grades increasing in this section, and the tonnage doubling to around 100m/t. ... never mind the lower grade, now non-JORC area!
I now honestly cant see MAK surviving until mine commencement ... it will be taken over for sure! This deposit is just too big, too valuable, too significant to be ignored by larger predators!
Cant wipe the smile off my face ... I am going to have a great weekend!
cheers
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