GBR great boulder resources limited

Ann: Ironbark scoping study highlights robust mining opportunity, page-2

  1. 12,654 Posts.
    lightbulb Created with Sketch. 8372
    Hmmm...
    sorry, but that is extremely underwhelming and for those that might not notice that negotiations are still ongoing for NT, ownership is just 75% and the most frustrating thing for me, is the 12-18 month lag before having a mining lease. Who know when actual ore might be tolled.

    https://hotcopper.com.au/data/attachments/7135/7135466-7b53390582202184428fb5c363cb5717.jpg

    https://hotcopper.com.au/data/attachments/7135/7135461-35cff2e9b26027f6003fb3aa17c70129.jpg

    Stage 1 is the real issue... plus, the stripping will be stupidly high (they seem to hide the exact figure, preferring to provide an average for the 2 stages...).

    https://hotcopper.com.au/data/attachments/7135/7135484-3420207ab8b1b562b3e23df1923812d2.jpg
    https://hotcopper.com.au/data/attachments/7135/7135494-b2806896692528ac490c73b23ae680cc.jpg

    This paragraph basically says, very high strip for the first half of the LOM.

    https://hotcopper.com.au/data/attachments/7135/7135498-adf23a65580158bc65eaead3f8c2bbf8.jpg
    Stage 2 looks a lot better. Anyway, I am trying to be very brutal with my view, perhaps I am being too negative.
    Looking forward to others thoughts...
 
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