Precisely Rhazzle.✚ Mining operations continue to progress well with over 22,500 tonnes of high-grade ore
having now been mined at Agate Creek since mining operations recommenced in June.
A total of 30,000 tonnes at ~8 g/t is expected to be mined by early October from the current
pit at Sherwood.
✚ Over 10,000t of high grade ore has been transported to the Georgetown Gold Processing
Plant with crushing ongoing."
They will be mining this and working the mill full time until they HAVE to stop i.e. weather-rain. That 30,000 tonnes is just the start.
No institutions would go anywhere near a non producing, 6 billion IC, penny dreadful. That will come with continuous results.
Management HAS DONE it's job. Recommissioned Gladstone, now be pouring gold VERY regularly.
SURE, there will be disruptions, but, you have taken a VERY WORST case scenario. Maybe you have a huge holding to warrant those fears. I'm not in the least bit worried, can't wait to see the string of announcements from what Georgetown produces, and, especially, the grades!!! Enjoy.
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Ann: Georgetown Project Acquisition Financing and Ops Update, page-133
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