I agree with that bitzer, as expressed in this comment:
We are delighted to have positive results from the Up-Dip drilling program, Mr Lagdon said.
"We want to make sure we are hitting our milestones on de-risking the Juno main project and being
in a position to proceed with development by the end of the year.
Up-Dip Juno will be a fantastic enhancement to Excalibur. While the additional costs of drilling
out this area were not in the original plan, it is compelling for Excalibur to actively pursue this
program given the strong positive impact it has on the economics of Juno.
They can see that they are proving up a very viable and exciting project, with each step bringing us closer to making a committment to mine. The way this is looking, if gold remains around its current price I can't see how it wouldn't go ahead with great margins. Personally I hope for even more out of the gold price by the time we are into production. The Tennant Creek project in my view will be developed, and I keep thinking that its timing will be great with the next development of the gold bull market. Imho.
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