here here grumhurd
for example:
senario 1) gold grade = ~3g/t yeilding ~ 1Moz ..... plant paid for and approvals in place - NO BRAINER
senario 2) gold grade = ~1.5g/t yeilding ~0.5 Moz ...... plant too small ...... what else is not known ...... NO PROFIT!
I invested in scenario 1, this being the jist of the Brighstar project as reported in the ASX and website.
I WOULD NOT HAVE invested in senario 2 !!!!!! Senario 2 requires the following for me to invest in it:
1) Access to funding
2) Reasonable expectation of further exploration success
3) Plan to take it from exploration to mining within a set timeframe.
I now find myself INVESTED in senario 2 with the expectation of senario 1 - as per ASX announcements. Am I cranky? You bet ya!
GC
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here here grumhurdfor example:senario 1) gold grade = ~3g/t...
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