Happy with the announcement. Backs up and expands on what went before. Worth focusing a little on what the ability to save on consumables of cyanide and lime mean.
We have the legitimate query of "how economic a smaller plant will be?" Part of the answer lies in the offset of significant variable costs like cyanide and lime and grinding media (balls) where we lose economics of scale.
As I said, Caigen (and by extension, the board) is confident that the grades and orientation of the ore allow the material to be profitably mined at the current gold price in Cote D'Ivore. Adding more tonnes by exploration will just build on that. I'll also back FMW's experience punting on that, especially with six diamond drills in play run very economically by the company itself.
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