expectations of jorc upgrade, page-31

Talking of expectations i have to agree with simob comments on jorc. The 2.5m Oz target is the long term goal as i read it, certainly wouldnt expect that from 1st round drilling. An upgrade to around the 1m mark seems to be roughly what most expect and I for one believe this would be a good start
would be happy with jorc resources at rising sun and nobles nob as this will be sufficient to commence open pit operations allowing us the cashflow to fully exploit remaining resources at juno, nobles nob west, m10 etc (
By my reckoning $5m of bank finance would get the pits up and running. If we get the 1m Oz then $5m shouldnt be a big ask against a resource with potential in the order of $1bn. Obviously IGV far less than that but the shallow highgrade nature of mineralisation removes much risk.
A$ pog approx $966 Oz today and with A$ set to fall further with rising rates we will be soon seeing pog over A$1000
dont forget we have copper too