However, the announcement pre-the PEA opens up a whole lotof questions almost like changing directions. (Part 2)· - Intended to include (imply?) more tonnes forprocessing. Which of the surfacemineralisation listed in the announcement are to be included, I have no idea. Each has to be drilled to resource andpartially indicated + inferred. · - Helps rope in the Zaara gold cap which I thoughtwouldn’t be included in the PEA as insufficiently drilled.· - Importantly, probably allows the strip ratio tobe dropped on the surface of the Copper Hill & Stockwork Hill and hence miningand overall costs.· The latter would have to be balanced against thecapital costs of including a gravity circuit (cheap) and CIP circuit (moreexpensive). - I’ve highlighted thetrade-off above. Sorry about the length of the posts. - This is a series of complex orebodies (whentaken together). - I welcome discussionand insights to tease out exactly what the announcement implies and where thosewith other knowledge and views can correct me or elucidate the nuances I’vemissed and/or misinterpreted.
XAM Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
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