Ann: First Gold Ore Delivery for Bullant Gold Min, page-4

re: Ann: First Gold Ore Delivery for Bullant ... Hi Maso,

An encouraging announcement no doubt about it, and, whilst I wasn't expecting a leap in the SP I did expect a bit more chatter from HotCopperites.

I can, however, think of a few reasons for the lack of SP movement/volume.

First up - it seems there is a large holder offloading (stifling price movement). Just a guesss... but possibly someone who bought in for the American assets, and is not too keen on them being pushed to the back burner whilst Bullant is ramped up.

then - We need to upgrade our jorc. I'm sure the gold's there, and drilling so far confirms it, but we need to drill some more to prove it up. Now the deeps are dry Mgmt will be rapidly progressing this.

and of course there's - general market/gold price uncertainty - some believe the market is doomed and gold is headed for a massive correction? time will tell

While I'm on the subject, I dont know much about the costs involved with building a processing facility. Perhaps someone with more knowledge on the subject could give guidance as to what a 500,000tpa plant might cost.
This will also have a bearing on the SP.
Thanks in advance

Dig Deeper
GS