Could be the outstanding (pun intended) agreement with IGO for the rights to the Au on their Forrestania leases.
I think there's lots of economic gold there for two reasons:
- in the past wherever people were exploring for disseminated mafic (sulphide) Ni they found low grade Au with it.
- with the price of gold so high a lot of that stuff could now be economic particularly as it's near the plant and maybe because the plant is going to be set up for cyanidation (to recover gold anyway) and will be run anyway.
Don't know how much of it is refractory or gravity but it will be fine and mostly cyanide soluble and so recoverable.
All IMVHO.
Add to My Watchlist
What is My Watchlist?
