Fiona, hard to believe the grades. This seems to be the way to go, walk before you can run, get the trial plant up to speed, 5 tonnes per hour sounds chickenfeed but if they can access and process rich ore even averaging 'just'1oz/t then in 12 months they would have enough cash to build the proposed new plant.Minimal or no dilution to existing shareholders if they choose to go that way.
Impressive recovery grades of 98% just by gravity processing means low capital and running costs for the bigger plant.
Market does not seem all that impressed so far, I guess many investors are still doubting that sufficient reserves are there but even with the drilling work they have done so far it certainly looks like the area could have very substantial and very rich reserves.
regards, EB
Fiona, hard to believe the grades. This seems to be the way to...
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