Care to explain why we need to continue drilling Epanko?
I am all for drilling the existing orebody to increase the certainty of the measured resource, but I don't see the point of continuing to expand the Total resource.
As it is the company has a Total resource of 128.2Mt at 7.4%, based on our current proposed production facility of 720ktpa, we have a mining life of 177 years. This also fits with the tailings dam expansion where it can be increased to 80Mil Tonnes. It seems a bit pointless expanding the resource, including the area where the tailing dam and production facilities is located when we cannot even get funding for the current production facilities.
the only exception I have for extending the resource, is if EGR is planning a shallower depth of mining, i.e where they use the automated mining machines to drive along the 3-4km strike rather than creating a pit.
EGR Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
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