10m ounces: an investigation, page-23

Hi Find8,

"The Western Decline is a massive development and does take time, power (the recent power upgrade at least helped) and money."

IMO, this is why identifying the iron sulphides using geophysics is so promising and very important. Get the decline construction right and a lot of money is saved by reducing metres required for mine plan drilling and drive development. The decline cost alone is ~$5500/m and drive development ~$2000/m. The decline is determined from surface drilling, but CTO know that only 30% of the reef structures are mineralised and the veins are only ~70cm thick and dip steeply at ~48 degrees. So most surface drilling is a waste of time and money (no gold intecepts). It seems clear to me that this company is tigher than a drum and is waiting for the techology to be proven before they accelerate the drilling program. If successful it would reduce the surface drilling density by up to 70%.

Rowingboat