I had been hoping for this announcement. The wide, high grade...

I had been hoping for this announcement. The wide, high grade intersections being revealed in the upper levels of the mine are the company maker imo.

The processing plant improvements have not been detailed in the announcement. As I wrote last week, the current configuration can be tweaked up to around 3000tpm but beyond that capacity they will require additional plant. (bigger ball mill, second jaw crusher, additional secondary crushing capacity) All of this additional plant can be funded via an improving cash flow.

I've been buying today following the announcement. Whether the price surges in the short term is moot but as increased production begins turning to $$$, we can expect a rising share price even in this ugly market.

I will be working on the report of my visit to the mine tonight and tomorrow. Expect to be emailing it tomorrow evening. The report is free for individual investors. Email me if you would like one.