Read it carefully, this explains a few details. They are still finding and looking for oxide ore to go through the existing plant. The expansion is to unlock the large quantity of fresh ore they also have. Expansion to happen 2018. We will still be recovering 80 to 85 thousand ounces from the existing plant while the expansion happens. Massive drilling campaign to increase resource/ reserve in both oxide ore and fresh ore. Bright future ahead IMO.
Well done management.
MOY Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
