morning all.very good scoping study.Really low cost just...

morning all.

very good scoping study.

Really low cost just us$754/oz, ok volume; 1m Oz total over mine life of 15 years. But this is only based on drill chambers I & II, there’s heaps more to come from III & IV, plus the huge exploration target. Looks ok, but depends on early years production volume. Need to be at least 100,000oz/yr. depends if they can access high grade early. Then when can they add the volume from the other drill chambers.
capex ok too.
pfs to commence now. They’ll need lots more cash for pfs, bfs & ongoing drilling. Has to be a CR. But should be higher up. If a rights issue, I might even participate.

now very much undervalued.

cherrs,

ned.