I should perhaps just add one thing that’s easy to forget after a long time of low values for a project
maronan may go deep and be in hard cover terrain so cost more to define and develop
but it’s got a big relative ‘balloon repayment’ lure because it’s so high grade by comparison with most Aussie silver projects
grade is key because it increases speed of payback and reduces mill capex costs
on some bull scenario numbers I’ve run maronan becomes math equivalent of a 10moz gold project at 5g/t gold - though they are math logical prices but seriously bullish and not to be assumed as probable until proven
even now maronan is approx 5x higher effective grade than SVL’s Bowden resource for eg
if it didn’t have that kind of grade advantage at large resource size capable of 15+yr Lom - I’d be far less interested
the more study I’ve done also suggests the steep dip on mineralisation may be a big advantage to mine economics if they did block caving
in a nutshell - that’s why it’s an exposure that I think rises faster and faster higher metal prices are thought to go
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