They can do a Farm Out. Joint Venture. Sell half of it. 1000...

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PaydirtMax

499 Posts.

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14/05/25

00:46

Post #: 79031317
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Originally posted by onthepunt: ↑

@PaydirtMax i asked you some questions on one of your other threads that was spreading the same misinformation as here. Since you didn’t respond I’ll ask again.

Of that 311,000 oz that you again mention, only 16,600 are indicated with the rest at inferred. They’re going to have to drill more to prove up any sort of confidence to mine. Not sure how they’ll do that with $54k in the bank. Maybe start the debt spiral again?

Also they have managed to get a mining license but they need a bit more before they can actually do any mining.
They don’t seem to have any mining agreement with native title claimants or any environmental approvals. Maybe you could let us know how that’s coming along?

Given that they did a scoping study back in 2017 (which gave a massive 2.5 year LOM) but haven’t done any work to upgrade to a PFS or DFS how do you have any confidence in the resource or the company?

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They can do a Farm Out. Joint Venture. Sell half of it. 1000 ounces equalls $5,000,000 . Even if it is no where near 311,000 ounces . The value of the Ladies is exactly $ f@#& loads

CLZ Price at posting: 0.1¢ Sentiment: Buy Disclosure: Held
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