I dount there alluvial operation will turn a profit. These guys havent a clue what they are doing. The plant looks to be fixed rather than mobile so they will be moving large amounts of ore by scraper or truck to the plant,so plenty of double handling Couple that with a high 2:1 strip ratio or higher Also The inclined vibrating screen on the plant is tiny looks to be about 3 metres by 1,5 metres doubt that could move more than 80 BCMs an hour unless they are prescreening in front of the trommel/scrubber The grade of .5 grams is around the cut off grade for most alluvial operations. They have everything against them. My bets it will never turn a profit maybe ok for a syndicate but for a listed company to fool around with such a poor resource is financial suicide.
BSR Price at posting:
16.2¢ Sentiment: None Disclosure: Not Held
