SMI 1.40% $1.09 santana minerals limited

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

  1. 933 Posts.
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    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….
 
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