Developing a UG resource KCGM super pit style looks promising but is not cheap i assume. At a discovery cost of $20/oz (or what was $40/oz until recently) it will be another $20-40mil to build up to a 3mil resource. Plenty of dilution.
Anyway i will be buying in once the technical show we are near bottom. Upside is way too high to walk away.
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Ann: Lake Roe Gold Project Mineral Resource Update, page-42
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