on infill drilling, the following is of note. the 500m decline would cost around AU$2.5M to mine at todays costs (~$5k/m) or ~$18k per 3.7metre round. This surely has to be taken advantage of. The decline (after rehab) would afford an excellent platform to drill out the resource, with minimal metres of drilling required compared with the same approach from the surface. ( i estimate 2/3 more metres from surface and about double the cost) on the targeting side, the 'blind' lodes illustrated in III presentation strike roughly northwest. the decline platform would enable rapid stab drilling across these lodes, the following screensnap is looking northeast i think. As far as i am aware, the decline has been developed to the no.1 sump area (the zig-zag at far right in the screendump) This covers a large degree of the strike length of the known orebodies. I don't know if where the portal is, if access is via the pit or 'round the back of the hill, but this is a valuable aspect to getting the infill IMO
III Price at posting:
6.6¢ Sentiment: LT Buy Disclosure: Held
