Looking back at its repeated references throughout the years to its gold POTENTIAL, Maximus sold its Burbanks gold mill in 2019. Maximus negotiated a provision that it could retain the use of that mill for a period of 2 years commencing from January 2020 to process the 5,000 tons of ore per month that it envisaged/(continued to dream) would be mined by it during that period.
The said period has long gone by without any of the POTENTIAL near term mining then envisaged. All that we continue to have is more POTENTIAL.
Whilst we need some new POTENTIAL to keep up our failing spirits, we cannot continue to rely on a diet of prolonged "pie in the sky" assertions about POTENTIAL absent the transformation of POTENTIAL to a plan of action for PRODUCTION.
Who knows, there is reason to think that, after shallow mining near WD and Redback/Golden Orb has been completed, higher grade gold may well be found as mining proceeds to greater depths. This is what happened when Ramelius began mining at WD. At that time, Ramelius expected only a modest resource. It had not yet become aware of the true value of the site and only stumbled upon the underlieing bonanza grades awaiting discovery below the designed pit. Nothing ventured, nothing gained. A calculated risk to commence mining must be taken whilst there remains some money to finance it.
Looking back at its repeated references throughout the years to...
Add to My Watchlist
What is My Watchlist?