CLZ classic minerals ltd

At this point in time, there is nothing to indicate Kat Gap will...

  1. 4,158 Posts.
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    At this point in time, there is nothing to indicate Kat Gap will be mined. There is no plan, no costings to move the overburden, no stope plan. There has been vastly inadequate drilling to define the resource, they simply do not know what's there. They might have an idea, but they definitely don't know. They don't have their finances in order. There is no JV. They are carrying short-term loans at 33 percent per annum (compounding). They have given up raising capital on the stock market & have gone off to private capital raisers. The last announcement of any significance was that they had found water- but nothing else. No more mention of the Gekko getting assembled & water connected. What exactly are they doing at Kat Gap.
 
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