Yes, it would be nice to have some sort of figures to work with,the scoping study will have that for us but that won't be for a while yet. At the mining rate we are paying now it would around 6.6M to extract the ore,leaving around 11M to have it hauled and processed. But most likely they would only go after the higher grades for now,so the mining cost would not change but the money left over would increase.
Mark is speaking in Sydney next week so he might have some updates on the decline by then to try and entice some more investors to pick up the remaining 15M shears...
Still no talk on if they will be doing any more work on the reported IOCG deposit, so their might not be enough money in the tin for that at the moment... Lets start getting the gold turned into bullion asap so there will be no more capital raising and dilution, then they can drill the IOCG as money becomes available...
OGX Price at posting:
9.0¢ Sentiment: LT Buy Disclosure: Held
