emphasised the open ended organic growth prospects surrounding the existing operations … and everything on track
most impressed that the ASIC outlook still firmly trending down to below $2000 ounce into the future and production volume scale up is on track.
150,000 ounces x $2500 profit per ounce is a very tidy sum (65% of which is protected on gold sale side with put hedging)
Waihi shaping up as a most interesting high grade exploration target given past production (125 years ago) was recorded at 77,000 ounces at an average grade of 29 g/t
we have been reminded in the presentation that 95% of the holes drilled in the area to date are shallower the 100 metres … so what we are seeing currently may be just the tip of a highly mineralised iceberg (may may extend mostly along 140 kms of strike north/south with parallel zones/shears of mineralisation that will enable efficient mining)
This company has such an exciting outlook into the future
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(20min delay)