CZI 0.00% 22.0¢ cassini resources limited

Ann: Babel Drilling Produces Its Best Result, page-44

  1. 2,160 Posts.
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    Bill - this is a pretty interesting topic.

    How long do you spend on proving up your resource before beginning on scoping studies?

    CZI could spend years defining all of the mineralisation out there. But will it add material value?

    They just need enough to prove up a profitable operation for a few years, show proof that money can be made at X grade and X mining rate at X price. Everything else (roll over, sugar lode, lower grade deeper zones, Succoth) can be potential upside and proved up later or else we will be waiting till 2020 until production.

    Just my two cents.
 
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