Going to do some spit-balling here as I've seen concerns over its distance and depth + distance from current infrastructure. Paddy's is 250-300mm SE of the current main mine. Let's say for argument sake it is 400m from any accessible part of the current mine to decline down to Paddys.
For those that don't know, decline capital cuts cost ~25k per firing, or $~5000 per meter. Let's say it is $7500 per meter to be conservative. This is A$3mil to develop over to Paddys. Let's also assume a profit margin of $1000 per ounce (very conservative). That's 3k ounces to pay for the cost of the decline to Paddy's.
This is Buckley's if Paddy's were to end up being even a 100k Oz shoot. Extended declines of up to 1km are not uncommon. This area is underexplored and pretty open in most directions. The only obvious hurdle is current cash balances to continue with some decent drill campaigns.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)