As John Barr wrote me management is surprised by some conclusions people draw from a market release (especially that some are concerned about increasing costs and lower profit).
Now a new mine plan is being completed and when that is done we will have a new pit design and will know more about mine life and the production rate.
The CONSULTANTS believe that as the deposit gets deeper it lowers in grade- which is the reason for the lower inferred numbers. MM is not concerned at this stage as there will be more drilling during the mining of the open pit to determine if this is true or not.
Most important thing next is the mine plan and the offtake.
THR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
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