The big question hanging over the company is the AISC on gold production. On the positive side the gold is shallow so can be mined by open pits not underground. I assume it's oxide high recovery au. But I can't find the metallurgy which is a worry. On the not so good list is the low grade gold in scattered deposits. Lots of processing needed and pits to dig out. If this was high grade RMS would have tOd the company and trucked the ore to Mt Magnet up the Sandstone Road. IMO high grade ore needs to be found within trucking distance to supplement their JORC and I can see they are looking for it.
MDI Price at posting:
34.0¢ Sentiment: None Disclosure: Not Held
