flyboy77, it seems clear that (the company believes) a resource could be defined with only 5 drill holes and there is potential to toll treat at Mt Muro (which looks to be around 50km away from their project).
"ARK will be aiming for a target of between 600,000 and 1,000,000 tonnes of between 5 and 8 grams of gold. This is anticipated to be done with five diamond drill holes"
e.g. 96,000 - 257,000 oz Gold
From:
"Mt Muro has significant available spare plant capacity" LINK
Even 20,000oz Gold production at a cost of $800 could provide $20m in gross profits per annum if feasible (e.g. a lot more than current market cap even after new shares issued).
Very interesting. I've bought a few this morning.
Add to My Watchlist
What is My Watchlist?
