Regarding pending results, I think the metallurgy holes will be similar to the historical grade of deposit. A lot of the new drilling is targeting shallow mineralization surronding the high grade reef. Believe what we will find is that these will be broader widths on lower grade that will incorporate all 3 reefs and the mineralization between them as there is known lower grade mineralization there that can be open pittable. This will add major ounces and an open pit operation.
Drilling is ongoing at Panton with the current focus to test shallow, bulkmineralisation within the prospective footwall zone outside of the current2.4Moz JORC Mineral Resource Estimate (“MRE”) (please refer to Table One). From quarterly report
I envision it to be something along the lines of the diagram below, with a low cost open pit operation and an underground one targeting the higher grade stuff.
I've come across some historic commentary stating as such.
Podium are looking to open pit around their reefs using this plan. In all honesty I don't see how we aren't multiples of PODs $100m valuation. With this new plan I believe we will be.
FME Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
