CLZ 0.00% 0.1¢ classic minerals ltd

Ann: Classic secures $10 million to take Kat Gap to production, page-10

  1. 5,170 Posts.
    lightbulb Created with Sketch. 2430
    Small matter of only 90koz in reserves, and only inferred at that. How can you have any confidence in the orebody without increasing reserves? Grades could be great, or they could be crap. Highly conditional arrangement to keep ASIC off their back for a few months maybe? And $10m finance to dig and toll treat while the Gekko that holders paid for lies in pieces. Junk company.
 
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