Thanks loki. That's good information. I did quite a bit research on SBM recently as its price action has been so interesting. It's good to know the previous processed high grade ores were not included in the reserve grading (would love to see the reference to this), and 1.1mton can be achieved. So at least if things work out as expected Gwalia will performance great again.
I know sulphide ores are more costly to process. But if SBM need to work through UG mining it would be even more expensive. That's my concern. Is Craig experienced with sulphide mining?
I don't know much about SSP previous PFS, but I know it was done in 2010, when the gold price was pretty much similar to now (US$1600). Anyways, see what will be announced in coming days.
SBM Price at posting:
$2.51 Sentiment: Hold Disclosure: Held
(20min delay)