The longer they delay mining the NN pit, the more suspicious I become.
Low cost gold bars just sitting near surface, metres from a fully operational mill that should mill oxide and transitional material well. All infrastructure in place?? Reasonable gold price too.
Looks lik they just want to pump and then dump? Which isn't a totaly bad idea.
Concerns
1/Mill is obviously designed as a low grade mill. Can it handle grades of 2g or more.?? Or does it need a massive upgrade??
2/ Tailings dam and waste dump is awfully close to Gilbies west wall. Do they need to build another one somewhere else?
3/ The dreaded black shale and ore high in other metals is always a huge concern at Dalgaranga.
4/ Gilbies pit has been raped and pillaged. Is it structurally ok. Potential Slips and are the ramps ok and usable?
5/Great resource, but what percentage of it is minable and viable using underground mining methods?
6/ Will drilling at depth move the SP much? Could be half a decade before actually mined at that depth.
Hopefully they start mining soon and but to bed my concerns.
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PARADIGM BIOPHARMACEUTICALS LIMITED..
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