CLZ classic minerals ltd

Ann: Consolidation/Split - CLZ, page-54

  1. 2,083 Posts.
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    KAT GAP is less than a 100k ounces inferred gold resource and the only one that they are looking at mining if they can pay for all the infrastructure.

    IMO, the biggest issues apart from poor management are lack of revised resources estimates and the spread of resources required and duplication of processing and infrastructure.

    It probably cost (shareholders) between $ 100-200 Million to get to pre-processing stage for less than 100k ounces which less than half may be profitable!

    Not a large enough resource for my liking and the reason why other companies ignored KAT GAP before.
 
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