Any increase in Aussie Dollar Gold Price would be welcome while converting resources to reserves. High probability that more drilling will result in a significantly higher JORC than this.
If/when Cannon UG gets underway, I'm reasonably confident that this will eventually lead to future drilling that will uncover the next phases of mining. Some comparisons have been made with Daisy Milano, by some posters. This would be a "company maker" in itself (for a 15M MC Co) if it were to come true.
Geologist Andrew Jackson (Sprott 101) said that "exploration was akin to making an accurate description by touching the leg of an elephant with one finger, whilst in the dark." It's pretty difficult to know if we have an elephant or not at the moment.
Any increase in Aussie Dollar Gold Price would be welcome while...
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