So we have an update:
"the current gold price of over A$1,300/oz indicates that the project is capable of producing a cash surplus of A$300 million equating to an NPV of A$210 million at a discount rate of 10%."
"Finally, the Company has identified the potential for both magnetite and hematite Iron Ore within the project and intends to implement exploration to quantify this as soon
as possible"
- Now we just need the capital to get it out of the ground - which they are looking at their options and seem to be very methodical in their approach
We have further exploration on the cards which will be reported in March which is fantastic news as all the commercial activities that have held this company up are now in the past.
Let's get going...
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- an update! finally
So we have an update:"the current gold price of over A$1,300/oz...
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