It appears that grades above 2gpt are required to look attractive for shallow deposits. Even the company is seeking an increased JORC resource from 2-4gpt. My concern is that they will have to move a lot of dirt to extract the ore. This of course may be offset by a low cost base (including the refurb of the CIL Plant) and proximity to the 350KTPA plant. With the price of gold and the low market cap of this stock, some further genuinely good results may turn the price around. I hope so, I have too many at an ave price of 2.7c and will hold.
SBL Price at posting:
1.7¢ Sentiment: LT Buy Disclosure: Held
