Yeah talking with Geo's at work and looking at random projects in the past, I'm confident on the 15-20% will end up being reserves (initially). Obviously hoping higher gold price will increase that to maybe 25% recovery but will be tough. Also excited about the remaining ~8 million ounces in JORC to get converted that will naturally add more in reserves.
Their costs were not too bad (not amazing) when they did their little toll treatment operation 3 years ago so SURELY increasing from 1,000 ounces to 6,000 a month will decrease some variable costs to circa $1300-$1400 AUD.
Amazing upside and news flow to come and very proud of the team. Just need to keep some of our dreams dipped in reality
Yeah talking with Geo's at work and looking at random...
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