director resigns ooops, page-11

Hi all,

Well I am not an underground miner but this latest announcement tells us the ore body is a vertical structure.

Intuitively I think that a horizontal orebody would be easiest to mine....ie you load the truck and drive out.

a sloping orebody you would stope.

But a vertical orebody means that all the declines must be slower to advance downward or they would outpace the orebody.........so it's a ratio of development costs to orebody costs

So I'd await the projected mining method / costs and budgets before I'd buy.