I like this bit particularly. It needs to be low cost as the grades averaging around 1.4oz/t With a 0.5oz cut off so the mine able oz may be lower but the grade higher. How that works out as a reserve I don't know. I think I read a 97% recovery rate. Still this is confidence in black and white.
Breaker Executive Chairman Tom Sanders said that the Bombora gold deposit is open in all directions after 226,000m of RC and diamond drilling. “This is exciting and unusual and reflects a rare, major greenfields discovery with a repetitive cycle of discovery and resource delineation drilling, followed by successful step-out drilling and more delineation drilling,” Mr Sanders said. “The building blocks are now in place for a successful and low-risk new gold development that is the subject of a PFS. And this is just the start. “While our drilling to date at Bombora has focused mainly on building the critical mass for a large, high-margin open pit operation,
BRB Price at posting:
35.5¢ Sentiment: Buy Disclosure: Held
