CR, gold production and drilling., page-13

Thanks GW. How big a resource did they estimate that they need to prove up?

The current JORC is circa 186,000 ounces - measured, indicated and inferrred. Assuming they can move more ounces into the measured category ( infill drilling), that is nealry half a billion in gold. Even half of that would get the project up and running.

In 1999, the JORC was not 186,000 ounces. I dont know what it was.

In reply to your question Kokomo -

@Hoodlum this Ann quotes 'low cost spirals' to be used - surely not 9 million $?

We are guessing. More cash is needed, thats for sure. How much, I dont know.

Hopefully the CR announcement will detail how has been raised, how much is needed and what the money will be spent on.

On a completely different note, one would think that the NSW Government would be providing finance to rural projects that have been de-risked.
I get sick of the time waste and indulgance of all the politicians. From Greens wanting to change names of roads to the endless infighting and jockeying for positions. What a waste of money.