A good read. It included what we have missed out in the past, a clear direction of what the company is aiming for and how it is going to achieve it.
Im still amazed and impressed that an underground mining operation can be profitable at such low average grades 4.6 gpt for the quarter and 4.32gpt for year.
Even with 34,641 Tonnes going through the mill this quarter I still believe both mines are still in the development stages. More long hole exploration drilling is planned and im hoping for at least double to triple the 4.6gpt so that will leave a lot of fat for everyone.
They got the crushing, grinding, milling and recoveries well sorted. Big tick.
They got the Tailings dam long term planned and permits. Another big tick.
Im interested to know how many thousand tonnes is in the mullock at the Nuggetty Gold mine @ 2.7gpt sitting on the surface its a gift.
Looking forward to watching the share price rise next week. Pity those fellas who lost their nerve and sold down cheap. Actually thanks I picked more up, thanks for the gift.
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