MADX, yes you are correct. Tunakilla is at least 4 years away from being mined. AS has stated this numerous times during presentations etc. It takes that long to get all the water planning permits miniling licenses etc. But as he says they have started them now!
On the other hand BGD should be mining Tarcoola sometime next year, most likely second half of the year. This should generate around $400 to $500 million FCF which will be needs to build the big mother of a mine needed at Tunakilla. All done without much dilution. So in 4 years time mining 120 to 150 ozs gold and 250 k ozs silver . Then we will be really cooking
BGD Price at posting:
81.0¢ Sentiment: Buy Disclosure: Held
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