ann out: company updates, page-2

No definite date for Andash still which would have been good, but this is not unexpected.
Andash in production next year is close enough for me given the fundamentals.
Jervois looking better again with magnetite being considered.

Some very good positives in this.
He mentions Jervois has the potential to be our biggest project.
A month or so ago I mentioned Jervois was on track to overtake Andash in size on a gold equivalent basis.
It was only just trailing.
Now look at the recoveries of both.
Andash has excellent fundamentals despite only around 70% recoveries.
Jervois has given initial results of an excellent 94% recovery.
So despite having less metal in resource for now, recovery rates already indicate more gold equivalent metal could be recovered from Jervois than Andash.
High recoveries aid in keeping cash costs lower.
Now we have further by product possibilities, not just with gold but also magnetite again aiding in bringing cash costs down.
The scoping study results should give us something to value Jervois at.
We may get a strong re-rating from that scoping study let alone the Andash construction start up.
Jervois likely similar size to Andash and considering the value from Burnakura/Gab stages 2 through 4, neither Andash nor Jervois are factored in to the current market cap.