If a toll treating deal cannot be secured, more ounces are...

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Farmdownsouth

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30/04/24

10:24

Post #: 73576612
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Originally posted by horra: ↑

One might with the high price of gold this would present a great opportunity however I think to pay hugh money based on these levels would be foolish to say the least.
There has not been any indication from any relevant party prepared to partner or take on the project and this is concerning given the resources at stake. Discussion occurred so they say early days however this has gone to the keeper?
The price of gold means nothing to Oau until it can be realized.
Shortly ORA will need more funds so investers will need to make a decision on how much they will carry this and get a return on the money. Their are other opportunities with maybe easier returns? so AP must pump this along harder and show the project can succeed. Im concerned the shine/lustre excitement push/drive is wanting and real energizing is needed in a hurry before it just bogs down!!

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If a toll treating deal cannot be secured, more ounces are needed to justify a plant. Aside from Crown Prince and Lydia there is likely to be other old working on the tenement - perhaps put a hole or two under them. Better still put some deeper holes down at Crown Prince - many of these ore bodies go down well in excess of 800 metres - Westgold recently announced a circa 4 metree intersection of 11.0 g/t at a downhole depth of 900 metres at Bluebird. The extra drilling will require a dilutionary CR but its better than drifting in the ocean like a cork.

OAU Price at posting: 0.6¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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