Well... this is a quite a important announcement, with quite a bit to flesh out.
Sure, the drill results are excellent (4 holes ended in mineralization.)
Yet, now we know that approx 13,000 ounces of gold (approx $50m in revenue) could be recovered (not yet included though).
I think significant is the right word. Whilst I know they wont be able to recover all of the gold, it's going to be very interesting to see how much they can recover.
Then you have a possible change in mining method, lower costs....
Plus hopefully, outdoing the recent study expectations for the amount of tonnes recovered too.
In summary, this bodes very well for the sugar hit in the first year. As I keep saying, I would not be upset to see a heap of pre-production, even if they need more capital outside of the debt facility, getting commissioning and the first year right... could be a truly rewarding return for shareholders........
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Well... this is a quite a important announcement, with quite a...
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