Strategy is to produce 100oz per year for 5 years based on the gold resources as we know them, that resource will increase with Burbanks drilling for sure and also Boorara has a further 85% untouched plus whatever else is further underground. My point here is this mill will be churning out gold bars far in excess of 5 years and there will be no time to process Nimbus silver at Black Swan (in my opinion). Lake Johnston may lend itself for conversion to process Nimbus silver if it not too far away to haul. My guess is Nimbus will be spun out and Golden Crane and whoever else Hong Kong based (tranche 2) will try and get as much of the new company allowed by the FIRB.
HRZ Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held
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