Kaiza,
I went to the mine once back in 2010 or 2011 when I was living in Townsville and they organised a meeting at the mine for shareholders and we were shown through various operations. The place was almost in mothballs and I was not impressed. I do not have mining experience.
What I do know, and it is available throughout reports over the years is that the ore is in veins and a lot of digging is required to get to a vein - irrespective of how rich it is.
So much has been sold off over recent years and as I understand there is very little plant or equipment left.
The CEO has a contract until some time in the mid 20's for an income in excess of $600k per annum for a company that is not operating and with no income!
He is now talking about obtaining finance before the end of this calendar year?
We will wait and see!
Regards....................
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