My word, that announcement took some reading. Dewatering, resource upgrade, FS, permitting, shaft sinking, stoping and gold pour by the end of the year....or has the previous timeline been abandoned? In my opinion, there's only a very slim chance that this company will ever mine gold from a shaft sunk on the Mt Freda mineralisation. What's the best guess for capex? Production rates will be inconsequential unless they make a big shaft, but the orebody would never carry the capex of a large shaft. I'll be fascinated to see what they can get out of the GM prospects....if they ever even try.
AMG Price at posting:
3.3¢ Sentiment: None Disclosure: Not Held
