it always makes me nervous when i see a resource which states a higher inferred grade than the indicated - that and the oversize component.
Mining projects are so much more complicated that just drilling a few holes. There's a very long development road ahead for HVY and a lot of money to be spent (dilution) to get even close to the development stage that RDG are at. That's if the technoeconomics stack up. Lucky Bay wouldn't have been developed had it not been for the Ellison brothers. To compare HVY to RDG is like comparing an apple an orange. Lucky Bay has been in the development pipeline for 13 years to when Altura had a crack at it and then the private mob that sold it to RDG.
Without delving into HVYs announcements further - have we been advised of the garnet particle size distribution at Port Gregory? How fine or coarse is it?
HVY Price at posting:
23.0¢ Sentiment: None Disclosure: Not Held
