CLZ 0.00% 0.1¢ classic minerals ltd

Ann: Update on Gekko Plant for Kat gap, page-86

  1. 532 Posts.
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    it is a small scale plant, the opex is not viable. and does not generate the returns for a listed gold entity. The fact that they plan on toll treating (best option) makes the decision even more confusing, it defeats the purpose of the gekko in the first place, this is just a ruse to give the illusion of imminent production, they don't have the people or the funding for that.

    this gekko is a distraction. just stick the ore in Marvel loch which has plenty of capacity is not far away with established roads.

    if they do go to mine this project, their will be grade reconciliation issues similar to Gascoyne, this is well known in the industry.
 
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