Yes exactly.
Regarding the possibility of more gold down there, I am not a geo expert either but Its all in the announcement - "Recommendations for resource extension drilling are underway with the orebody open down dip and down plunge (along strike) to the south.”
At the moment with a sp of $0.125 it is trading a bit over cash balance...with no value/consideration to the underground mining project.
the 154k oz will be mined as part of the underground project. With gold currently at around AUD $2700, thats around AUD $400m worth of gold. Assuming they make around AUD $1000/oz after opex, that makes approx AUD $154m.
Heaps of potential.
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Yes exactly.Regarding the possibility of more gold down there, I...
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