Some questionable figures in there @Corgi, but to assume a production profile of 700koz, we would need a global resource of at least 1Moz (likely much more) and over 50% in the indicated category IMO. Considering only 120koz of the resource currently sits in the indicated category, the other 500koz in the inferred category, this is a long way off. Will require a great deal of infill and extensional drilling - that means more cash and dilution. Your assessment sounds like you're working under the assumption that whatever resource is announced can be mined in its entirety - not the case.
After this drill program and subsequent PFS, we should have a much clearer picture of the situation - but personally believe with the infrastructure in place, a low capex early cashflow strategy would be the most rewarding. We can then explore being a 3rd party milling option as well. In other good news, PoG breaking recent highs.
- Forums
- ASX - By Stock
- Ann: Second new gold deposit defined at Sandstone project
Some questionable figures in there @Corgi, but to assume a...
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MDI (ASX) to my watchlist
|
|||||
Last
1.3¢ |
Change
0.002(18.2%) |
Mkt cap ! $2.839M |
Open | High | Low | Value | Volume |
1.2¢ | 1.3¢ | 1.2¢ | $13.28K | 1.029M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 1974917 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 319837 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 1974917 | 0.011 |
3 | 243040 | 0.010 |
4 | 381114 | 0.009 |
1 | 120000 | 0.008 |
2 | 342850 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 319837 | 2 |
0.014 | 50000 | 1 |
0.015 | 1000000 | 1 |
0.016 | 13044 | 1 |
0.018 | 179999 | 1 |
Last trade - 13.58pm 30/08/2024 (20 minute delay) ? |
Featured News
MDI (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online