2020,
I can't remember what Krum posted but with the funds they have available, they can only do very limited exploration so its going to be a very measured approach I think. IMO, they are limited to only development and exploration of a couple areas in the morning star mine and possibly mining some of the most accessible areas of ROD. The funds available aren't enough to poking a drill or 2 regionally onto other old mine sites. With the present POG and a little luck, its possible that they find extensions to McNallys reef and to mill through enough ore to start making profits. McNally ore will run out at some stage and the price of gold is a gamble.
- Forums
- ASX - By Stock
- Ann: Convertible Note Issuance to fund Mine Development
2020,I can't remember what Krum posted but with the funds they...
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)