Ann: Continued Delivery of High Grade Antimony at Ricciardo, page-38

@writerThanks for the Xingao refresher course.
I'd suggest that were the buyers of said Argonauts shares.
Just the holders I know of have a combined 40m plus shares.
That's over 5% of the register.
We are big enough to make a meaningful difference.
I strongly believe (don't hold me to this as it is still a guess) that 29M are today's buyer.
The timing fits in like a jigsaw puzzle.

Golden Grove TSF approval. Increasing the TSF capacity will drastically improve their mills annual throughput potential. The current constrained TSF is a major milling chokepoint. Mined tonnes well below milled tonnes.
Back in November 2022 the estimated capex for Gassan Valley's development was in the region of 88 milllion.
At today's spot prices, the average Au Eq resource grade for GV is 4gt.

With the potential discovery of antimony at Ricciardo, I'd suggest Ric average Au Eq resource grade could rise above 3gt.
2. Ricciardo won't need anywhere near GValley upfront capex to become a producing mine.
Ricciardo Opex costs would be far cheaper than GV open pit vs underground.





Mined 1.420mtpa
Milled 1.472mtpa run rate
Nameplate 1.8mtpa run rate






All the above is still only speculation.
DYOR.