Yep, as forecast in post of 16/06 - congratulations to Resolute.
Tone of announcement is definite with this being Stage 1 of the larger development eg. " with mining of the Sarsfield and Buck Reef West deposits expected to follow completion of operations at Nolans East". I suspect the only reason for the delay in announcing now is obtaining the final Govt approvals. Wouldn't imagine that will be much of an issue considering the Palmer debacle and Qlds need for positive business news.
Looking back at Resolute's 2015 annual and 2014 announcement I see the Buck Reef deposit is not yet in reserve and is over 1Moz at 1.0g/t and looks likely to have a very low waste to ore ratio from the diagrams submitted. Plenty of upside methinks to the 10 years mentioned by their CEO and at better grade.
Picked up more today at 1.14! Short term target $2.00 and competing with SBM.
Yep, as forecast in post of 16/06 - congratulations to Resolute....
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