CLZ classic minerals ltd

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-20

  1. 2,075 Posts.
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    They have spent close to $20m or more since their maiden resource on kat gap a number of years ago. Here's what this money has achieved from a resource perspective: nothing

    there has been no update to the resource model since its first release and no upgrade in confidence. Everything is still inferred which is the lowest

    such a small resource would ordinarily get toll treated. There's marvel loch up the road which I understand is a hungry mill and they're always looking for more tonnes. Why would the company buy their own processing plant and equipment associated infrastructure, tailings, all relevant approvals etc.

    toll treating would have been the obvious choice. If they had done a DFS they would have known that.

    here's why they decided to go down the gecko path: then GPE would benefit monaterialy. We all know who is behind GPE now...
 
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