Yes historically, the immediate area in Oz has generated a shedload of gold.
Also a big potential advantage is that several of the old NLGP prospects are really close together (around 5Km north to south), allowing them all to be served by one plant. I note that EMR has defined it as two prospects thus far, boundary-bungarra, and the southern cross
They are still talking about a combined 300Kozs per year, but I suggest they are being conservative given a)cambodia is already doing 114K a year, and b) the potential deposits in OZ might well provide a 10 year life cycle for a plant significantly bigger than 100Koz a year.
EMR Price at posting:
$4.04 Sentiment: None Disclosure: Held
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