G'day again Leeroys and other astute RVR agm attendees .
After a great day at the Dunkeld races yesterday , a slow "impact" day and just now catching up on the subsequent AGM posts .
Slides 13 and 14 of the MMC presentation have me "pondering" into the future ....and a question I refrained from asking at the AGM , deeming it to be premature .
Slide 13 shows the interlinking east/west continuity of (2) ,(3) ,(4) ,(5) tenements and prospects , namely ( from west to east )Liontown, Waterloo,Highway/Reward and to the far east down below Charters Towers , the Ermine Group .
But Liontown East and Waterloo are adjoining , 50 to 75 kms BUT AS THE CROWS FLY , from the Thalanga Mill .
Liontown east (Slide 14 ) is shaping up to be great high grade discovery , with little doubt that the Assay pending for Hole o5w4 and the next hole in progress 06w4 directly below , are both likely to provide further exception high grade results .
So two questions to ponder :
a) what lays between Liontown East and Thalanga in "narrowing" the 50 km "gap" between the two , as to whether that area has been tested and/or has prospectivity? ..and I guess more impotantly :
b) if Liontown East and Waterloo adjoin as commercially viable deposits ( individually and more likely collectively ) , what would be the economics of gaining landowner access to push thru at least a dry weather road direct to Thalanga ( as the crow flys) , versus the long route to Thalanga via existing roads ( a long way and expensive per ton "backwards " route ....or another processing plant being developed ???
As I mentioned --a premature question as we are still learning to crawl in terms of commercial production then ramp up of the Thalanga plant .
But this question will become more "alive " as drilling at Liontown East and Waterloo unfolds
RVR Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
