The wells are all extremely poor, very small short sections and at depth.Logically, mining at depth is also possible, but the drilling results only deliver this 1% with 3 metres.There is nothing more positive to come, and for the large amount of drilling 60,000 metres or similar, the resources only increase very little, so nothing positive is to be expected.
We have to wait for the financing at LTR and see what costs you have in mining, I mean in depth, then a comparison with GL1 is possible.I'm a bit unsure here because the stripe ratio is so bad 23:1,Dagwather has explained this very nicely, you can't expect anything positive.
From: Jefferies - GL1 Afloat into DFS, page-13
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