Heap leach has a big start up cost but has low ongoing costs and has the advantage of being low energy usage (which is helpful in the current environment). Also we do have some high grade zones which are going to be the focus of the pilot phase (starting mid 2025) which will help get the project underway. The biggest advantage is that any additional ounces we can add to our resource will be low cost to process and could significantly reduce our AISC (I am betting on this). I think we also have great management and have very prospective ground for future developments. In all it is my favorite Oz goldie along with AUC (in 2nd place). Dundee Corp agrees and have invested heavily. I'm excited about the future.
STN Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
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