Ann: Classic secures $10 million to take Kat Gap to production, page-31

Anyone who thinks this is a good announcement are clearly blind

Gold Valley do not own or operate a mil. They have to secure a mill first and are effectively the middle man. The closest mill is Marvel Loch which probably needs more tonnes but I doubt that will come cheap.

The poster above who said CLZ will get 157m?? That's ignoring all costs.

There is no mine plan or pit optimisation so the costs of production for such a simple and small operation will be higher - what is the LOM AISC??? The LOM AISC will now increase ~30% because it's toll treated (Minjar/Marvel Loch will also want a share of profit for processing the kat gap ore)

Interesting how they try to ignore the elephant in the room - what happened to the Gecko? Over $6m spent and it isn't even going to be used? Who's the winner in this situation?? Chloe Ribbarich via GPE and her extended Doutch family who just received $6m for something that isn't even going to be used.