Novac, if you can't work out how they are getting equipment in and stuff out at POZ then you are in a bit of bother to start. Secondly Legend has a PFS, POZ does not. With similarly placed mining areas you would want to estimate that the economics are fairly similar.
Thirdly the drilling of the 4 holes at Arruwurra are shallow, the amount of ore body in the drill sample ranges from 3 to 9 metres and the big hole has 9m of ore at 25% from 9-18 metres. Two of the others are 16 and 18% at shallow depths. Infill drilling will prove that area up for production.
Now with all of your comments about how nicely POZ is situated, how long will it take to get a mine off the ground if you have to Jorc it, gain a PFS, get approval and then build a road and rail/slurry pipe plus gain access to a least 1/3 of a billion on DBKs cheap maths or 3/4 bil on Legend, especially when other projects come on line and earlier. How do you expect to fund the interest on the loan let alone the principal and then call it a low opex project. Sure it is low opex if you sold equity, but if you are doing it through debt then that is a whole nother ball game. Yeah good luck with that.
AEV Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
