There's that comparison to Fosterville again. I know Amanda well enough to understand the gravity of this comparison. Amanda is extremely conservative. This comparison is not thrown around flippantly. There are a number of similarities between the two.
Both are considered orogenic deposits however both are also considered geologically complex structures Both were later found to contain stibnite (antimony). Both were originally shallow fresh rock gold deposits locked up in sulphides. Both mine camps prematurely ceased operations once their multiple shallow open pits were mined out of oxide ore. Both deposits were poorly understood geologically and grossly under drilled below 100m depth. Both began finding course visible gold at depth much later in life. Fosterville went on to become the highest grade mine in the world once the super high-grade Swan zone was mined.
Four rigs soon to be drilling out Ricciardo, if Ricciardo is one tenth the mine camp Fosterville is we are all about to make some serious money.
WA8 Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
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