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09/03/25
15:37
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Originally posted by bungalowbill:
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The point it no-one knows what's there. because it hasn't been drilled properly. The overall resource has not been defined and modelled. It is part of the Bain sale contract , that there needs to be more drilling to verify the gold is there, else Bain won't settle. Who would be stupid enough to trust this lot , to do the right thing. All that's happened so far , is they have got the vote past to sell Kat Gap to Bain , but the transaction hasn't been completed yet. The verification drilling needs to ocurr and it needs FIRB approval. The deal might fall over , like all other deals they have done. There was a resource model done on a small section of Kat Gap , but it was only for a small open pit.
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What does this all mean @bubble