re: Ann: Definitive Feasibility Study Progres... Robo,"GZ -...

re: Ann: Definitive Feasibility Study Progres... Robo,

"GZ - Remember this is only being put forward as a lower capital cost and safer start up OPTION ...."

I read it as THE proposed way to go....?? I have this problem where i tend to interpret literally, lol.
Yes, I was keen on toll-treating to raise cash towards plant capex.
Anyway, it all makes my head hurt thinking about it - the savings on capex by deferring the leach and then the subsequent double handling by re-treating the tailings when the leach is added......without knowledge of all the costings, which I am sure they've done, I cant really comment.

"Although feeling a bit disappointed that we won't have a Bankable Feasibility Study this month for the combined Kundip/Trilogy operation,....."

They are only figures, mate. You'll find that wont affect the sp much at all when it comes out, imo.
Re my comment on exploration, I cant see the point of repeated capital raisings and dilution at 5c a share if whatever is discovered wont be mined under "plan A" for nearly a decade...Sure, it will add value to the fundamentals, but they wont reflect in the sp to any great extent.
Re Jabiru...a very undervalued stock, I can only say that Gary Comb is doing a great job. What are their plans for the $$$ from the silver forward sale? I would say it'll be spent on exploration on strike from Jaguar & Bentley, to further extend mine-life. I hope so, anyway. I wouldnt like them to go hammer & tongs into Stockman/Benambra yet.
They announced today that they acquired more ground on strike from Jaguar from SBM, so I'd say thats where the money will go.
Yes, I have no doubt the JML/TTR relationship will continue. JML would be invaluable in providing support in "tweaking" TTR's plant for optimum extraction once running.
I note TTR has not been sold down as we expected....yet.
On opening yesterday, I could have sold 1 mill TTR down to 5.6c.......procrastinated too long & someone beat me to it.....I was sure it would be sold down & I could have bought in cheaper. Glad I didnt, as it wouldnt have worked, eh?
Well, nothing to do but wait till something comes out.
I cant understand why they have to do further test work for the study. I thought all things metallurgical re Trilogy had been completed way back....

cheers,GZ