One of the questions at the end of the presentation was..................What is the production timeframe?
My take on the answer
- about 18 months drilling
- flesh out near surface into a resource
- flesh out u/g mine potential, to costly to do a drillout from surface
- u/g drillout would happen during the life of the open pit mine.
- 2 to 3 years approvals
- 4 to 5 years to production
During the presentation, it was mentioned a few holes would target the porphyry late this year.
My thoughts on SVY's direction
complete shallow drill out into a resource
firm up u/g mine potential
firm up potential on regional targets
hopefully locate the porphyry
Look for a buyer
DYOR
GLTAH
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- Resources Rising Stars 17/06/2020
Resources Rising Stars 17/06/2020, page-15
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Open | High | Low | Value | Volume |
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1 | 50000 | 0.024 |
Price($) | Vol. | No. |
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