SMI 1.25% $1.19 santana minerals limited

Ann: 1.3m ounces upgraded to Indicated category from RAS drilling, page-15

  1. 951 Posts.
    lightbulb Created with Sketch. 466
    Think they must have a clearer path to production with the reshaping of pit…
    with such consistent grade, mining looks like a “take all” and thus less selective mining and lower cost.
    if it comes in under $NZ 1000/ tonne all in then cash flow pretty exceptional for stage one… after that anyone’s guess on price of gold….

    a solid advance in my book and happy to have collected 1.5 free one year option….
 
watchlist Created with Sketch. Add SMI (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.