re: denny dalton feasability - t4p Hi,
I am new to AEX and there is something that does not make sense – perhaps someone can help.
I refer to the recent t4p post advising the following:
The original resource calculation was established by Southern Sphere back in 1981 for a feasability study.
Forget U, we know at the time it was uneconomical.
BUT, as t4p suggest, it is possible to increase the footprint of the resource and, given that the gold and uranium are equally distributed we should eventually see a near doubling of the gold resource...yes...that's a possible 5m contained ounces of gold!
So, my questions are:
The previous owners would have known about the 2.5m ounces of gold through their feasibility study. Why didn’t they mine it?
Even at $250 per oz. That surely would have been economical.
Why didn’t they extend the footprint to establish the possible volume of 5M oz?
Why did they sell the 2.5m oz - 5m oz resource ?
What am I missing?
re: denny dalton feasability - t4p Hi,I am new to AEX and there...
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