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08/08/17
18:16
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Originally posted by Paul12
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So we had exceptional results from the assays of 3 holes report this morning.
We have 3 further drill holes completed and awaiting assays. If they're at the lab they can't be all that far away.
Three more holes are already planned.
Drill program is going to be expanded beyond original 5,000 metre scope to evaluate the 'antas deeps'.
If they keep finding resource and prove it up at some point someone will get interested.
I've got to admit it intrigues me to think that if we prove up enough resource to satisfy just the first of the Petra expansion scenarios, a second ball mill, then production could rise to 25 ktpa. A ball park yearly profit of around 25,000 x 2204 x 1.5 = $US80M.
If Centro came good then between it and 1 year's profit at AN we pay for the plant at PB.
If we got to 2020 with an operation producing 60 ktpa between the 2 plants and no debt, we'd be generating over 8 cps. I'd probably be happy to hang onto my 10c shares at that point!
If they keep rolling these results out from these holes there will be a time when we generate a significant interest, and it may not be all that far away...nil desperandum!
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"Drill program is going to be expanded beyond original 5,000 metre scope to evaluate the 'antas deeps'."
My question is, why they only planned for 5,000M initially?
1. They were not sure that Antas pit are open at depth?
2. They thought that it will give them enough good high grade sample? turns out that the result is not that good?