re: Ann: Zoroastrian Resource Increase and Up...
Well in 2-3 months the PFS should be complete and we should see around 500,000 oz in reserves.. That should be enough to confirm that EXG is miles better than anything else within 50km of the paddington plant.
Couple of interesting facts about Enterprise which is the new deposit Norton are relying on going forward to feed the mill.
$40m pre-strip and 12 mths just to get into the ore body and still only 1.7g/t with 563,000oz in reserves and 38km away.
EXG is 16km away. no pre-strip. should have 500,000 oz in reserves and nearly double the grade of Enterprise or 3 times what they are currently feeding the mill.
Even feeding the mill low grade ore i believe it is still heavily under-utilised.
EXG Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
