They're heavily committed to that. Which means we can look forward to a steady stream of results. When I spoke to management at the AGM, I asked if delivering a resource means they have to have some idea of fitting pit shells over material to be mined before they could call it a resource. They said yes. I wish they had given us a rough idea of what they envisaged, especially regarding strip ratio.
I agree that the Neipe resource is superior. One reason is that the gold price has gone up in the interim which means more lower grade material could be taken into the Boundiali one. In general, I would think that mining dirt at a 1.0 gpt Au. in Cote DÍvore would be feasible. An important aspect being most of the key staff have done it there before and know the costs.
All IMVHO.
AUE Price at posting:
32.5¢ Sentiment: Hold Disclosure: Held
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