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13:31
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Originally posted by leec:
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Look, I'm not in a position to speculate on the initial resource statement, but from the results released to the market (to date) it appears that the resource structure is narrow and deep (but open at depth), so I'd welcome people better qualified in gold mining to comment. From what I am able to deduce, the grade is more consistent and improves at depth. The trade-off, is a heap of overburden material containing little to low grade gold containing ore that needs to be stripped to get to the good stuff. But again, I'm no expert and could be wildly off here. First and foremost we need a resource statement informed by more drilling, then ongoing drilling to prove and build the resource profile.
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Where did you read that PRU are on board? It reads to me like nearly half of the money raised will be used to pay PRU. Nothing about them participating.
(20min delay)