Missouri is clearly the logical second best chance of another high grade underground development into the future
Those 2 deeper diamond holes outlined above must reveal all.
A selective underground development similar to that now being done under Riverina could also hopefully yield another 600,000 to 800,000 tonnes pa at nice grades (say 4 g/t based on bottom of pit).
Assuming plant throughput will increase with secondary crusher
Then a mining operation of 1.4 mtpa x 4.2 g/t may produce over 180,000 ounces pa
annual production of 180,000 oz x $1300 positive cash flow per ounce = more than the current market capitalisation, I think
It really doesn’t feel like this project is going to stay ‘cursed’ for much longer!
Ann: The DRIVE to 100 - OBM Corporate Presentation, page-26
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