You can't access or mine the deeper ore until you dig out the ore above first. So, confirming that there is more ore deeper only increases the life of the mine and not the annual production. If you want to increase annual production and revenue (and thereby the share price) you need to find other deposits nearby which you can use to put through a larger plant. Therefore, it beggars belief that they have yet to punch a drill into any of the nearby Road Runner targets which could readily add to production, even if they are smaller deposits than Antler. On their own if they are only a couple of million tons they might not be worth building a plant but they would be icing on the cake for Antler.
We have been told over and over again in numerous announcements in the last few years by NWC that VMS deposits often occur in clusters. It has been sufficiently drummed into my memory that I won't forget it. So why the hell haven't we tested these close targets rather than targets 75km away? Surely a minable discovery nearby would be the obvious way to add to the resource and have an immediate impact on the share price thereby avoiding the dilution we have had to tolerate with the last few capital raisings. I just wish they would get on with it!
NWC Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
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