re: Ann: Zoroastrian Resource Increase and Up... Dr Chen from...

re: Ann: Zoroastrian Resource Increase and Up... Dr Chen from Norton went to visit EXG last week.
Blew his mind! Especially considering they are about to spend $35m and 12 mths to remove the overburden at enterprise. EXG has no pre strip at all.

Check out this quote from the Kalgoorlie miner today..

“The new equipment is starting to deliver
on-site and we are starting the development
at Enterprise,” he said.
“We are looking around the area for possible
development and acquisitions.
“We are doing some business with other
companies which is going to benefit both
parties. We have a very efficient mill and an
experienced management team.
“We can have more deals with the companies
who are close to us and can benefit
them and our Paddington mill. It is part of
our strategy to grow our business.”

“It provides a good platform for us during
the period we are going to increase our
production and reduce costs,” he said.

Deals with Phoenix Gold for 19,000oz
from the Catherwood mine and 40,000oz
from the Bullant gold mine with Kalgoorlie
Mining Company also form part of Norton’s
growth strategy.
The company is also in negotiations with
The company is also in negotiations with
EXCELSIOR GOLD over its Kalgoorlie North
project."
Dr Chen said.