FFM 1.57% $1.29 firefly metals ltd

Rhyme OR Reason?, page-45

  1. 42,485 Posts.
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    Not as I see it .
    AUT seems to me thin vein gold which (can be) problematic depending on how far apart the veins are and implies potentially more difficult and less economic mining and/or more dilution .
    Ideally would like to see bigger intersections of ore .
    Not writing AUT off but at this stage not enough to convince me of good economics and that info NOT being supplied .
    If people were convinced the SP & mkt cap would be much higher so if management have the data - put it out there to be seen !
    Historical mining had an 8g/t cut-off which would be partly due to poor treatment back then but also partly supports the point I'm making .

    I am interested however in any waste stockpiles sitting above ground from previous mining .
    A lot of that would've been before CIP and would contain gold .
    If AUT owns it and if it wasn't already retreated to recover that gold threre'd be good money in it and it's above ground !
    If anyone has any knowledge of tailings here ....
 
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