POL 8.02% 87.5¢ polymetals resources ltd

Well... this is a quite a important announcement, with quite a...

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  1. 12,119 Posts.
    lightbulb Created with Sketch. 6930
    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).

    https://hotcopper.com.au/data/attachments/6519/6519221-032bf864272c51ea3d2e674277c8ea80.jpg

    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....

    https://hotcopper.com.au/data/attachments/6519/6519235-c0ce024116465efe03529ec9c63797b9.jpg
    Plus hopefully, outdoing the recent study expectations for the amount of tonnes recovered too.

    https://hotcopper.com.au/data/attachments/6519/6519236-9bda8dd544f1c2e6cdb8f1b4fcd219db.jpg

    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........

    https://hotcopper.com.au/data/attachments/6519/6519251-e82338af8618c933d78255ab33f603f6.jpg

 
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