700m from existing development so they will make this priority development heading and take 1 cut a day minimum. Could do 1 every shift but will get difficult as it punches thru so lets stick with 1 every 24 hrs.
700m/4m= 175m=175 days . So roughly 6 month for the development to finish and production drilling of the stopes to commence. Stope drilling wont take much a few shift for the longhole drills. Then blast and fire it away. Haulage is minimum as its so close to the surface.
Area 5 just started and now this -Ringrose.
I hope people actually understand the significance of what this means for the company! This is not backed off by speculative traders ,we have actual minable Tin on the ground for the forseable future and much much more.
Buy now !!!
MLX Price at posting:
47.0¢ Sentiment: Buy Disclosure: Held
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