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Ann: CRB- INDICATED RESOURCE AT MUNDIC GULLY DOUBLES TO 104000 OZ-CRB.AX, page-16

  1. Resurgam
    2,148 Posts.
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    27/07/16
    23:37
    Post #: 18383258
    They have added 500kt's at similar grade for 32,000 oz's. I thought there would be more in this too.

    If Shepards can give us an extra 30koz and Red oxide be similar (but proved up to Ind) that's about 400koz and 10Mt @ 1+g/tAu. If Shepard's is increased (like on the previous announcement cross-section) it will drag the overall grade down (lower grade material).

    400koz is a good start! especially at ~80% margin (AUD) before capital expenditure.
    CRB Price at posting: 21.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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