re: Ann: Quarterly Activities and Cashflow Re...
extending the decline instead of smaller tunnels into those two mineralisations is going to cost a lot more than the $3m I originally estimated, maybe double the cost but that's OK as they have plenty in the bank
also those mineralisations are looking much larger now from their recent drilling and maybe contain enough high grade ore to keep the company mining there for much more than two years, just a rough estimate on my part
no numbers or clear timelines for doing the development work - patience required
a lot of exploration talent evident in the report
release of the feasibility study shortly should be interesting reading
CGT Price at posting:
53.0¢ Sentiment: Buy Disclosure: Held