9.2Mt @ 1.2g/t for 359koz in the new model compared to 8.1Mt @ 1.4g/t from 377koz in the old model. That's a 4% decrease in metal so the share price should go from 0.6c to 0.6c. Probably lower with the cash spent on the resource for no change and holding fees. Does the company still have any exploration staff?
"Pit wall angles of 45 degrees in oxide and 39 degrees in fresh and transitional". That mirrors the Tanami Gold resource statement. A pit that has flatter slopes in fresh than oxide!!!! Someone made a mistake. Old Pirate scoping study released 15 Feb 2012 had oxide 38 degrees, transitional 42 degrees, and fresh of 45 degrees.
BC8 please make sure you use the right pit wall angles.
PRX Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
