Ann: Visible Gold Continues in Diamond Drilling at Sturec, page-3

Morning all.

good to see more visible gold in what looks like a rich section.
key point is the scoping study is imminent.
as long as it shows decent returns, we should be heading higher. We’ll suffer some lose of margin as they can only make a concentrate and then have to ship it across the border for processing into final gold and silver bars. But their grades have been reasonable; some quite big. It’s going to be interesting to see what average grade we end up with and our costs/profits.

POG been heading down for a while, but it’s still A$2,500/oz, so still should see a decent margin. Plus we have those huge exploration targets to come down the track.

cheers,

ned.