NME 13.9% 3.1¢ nex metals exploration limited

Ann: Commencement of Mining , page-15

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  1. 5,446 Posts.
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    Agree with you Spiro that there has been limited detail provided and the information flow sometimes has been lacking. However to allay some of your fears refer to post # 7425834 from F3000SL (a geo who once worked on site) regarding the butterfly pit;

    “Dodo, seriously? 2.5 grams per tonne is marginal? I don't think so. Butterfly is moderately dipping, wide ore zones, underexplored on a brownfields scale with the pre- strip of high grade already completed.
    The ore is also free milling - i should know, ive seen it. At a conservative gold price of 1200, I'd still be reticent to call a pit like that "marginal". Even with trucking, with the discount offered from pre-strip there's money to be made there. Hardly marginal”.
 
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