Not too sure what the cost of recovery is but Classic is sitting on half a billion dollars of JORC compliant gold reserves at Lady Magdalene alone. Add to that further increases from Lady Ada drilling and continuing good hits at Kat Gal and we have a company starting to look pretty undervalued at current market gap. Ball seems to be rolling since recent addition to the board.
Not too sure what the cost of recovery is but Classic is sitting...
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