Amigos, Lewis Ponds is only about 10km to Orange, which is the centre of analysis, exploration & mining in the central mining district of NSW. So there is plenty of existing expertise at all levels. As I understand it, there is al least one plant that does treatment of ore - but I am not sure whether that is the direction which GRL would take. Time for someone (hint - @RED328) to get on the blower and make a few enquiries on behalf of GRL shareholders. My rough estimate of the worth of the existing in-ground resource is more than $1 billion (i.e., for gold alone: 400,000 oz x AU$2500 per oz = AU$1,000,000,000). The long sections of the lodes (eg Figure 2) show that there is high-grade near surface so open-cut mining is a likely proposition for a start-up operation, IMO. The metallurgy which was based on flotation, seems quite reasonable. I think Lewis Ponds is becoming more interesting with every announcement. GRL is currently drilling to expand and better define the resource. And GRL has a market cap of only $20 million? Crazy or what?
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Mkt cap ! $4.039M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.9¢ | $446 | 49.58K |
Buyers (Bids)
No. | Vol. | Price($) |
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14 | 4342575 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.0¢ | 800000 | 2 |
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No. | Vol. | Price($) |
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14 | 4342575 | 0.009 |
8 | 2500000 | 0.008 |
9 | 3848627 | 0.007 |
4 | 966833 | 0.006 |
4 | 2173699 | 0.005 |
Price($) | Vol. | No. |
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0.010 | 800000 | 2 |
0.011 | 1475101 | 1 |
0.012 | 1033005 | 3 |
0.013 | 517715 | 5 |
0.014 | 1206584 | 4 |
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