multiple high grade producer, page-2

LOL Pachino
slightly misleading but lets run with it eh

We have multiple shallow high grade deposits all of which appear to be open pittable.
JORC compliant Resources of approx 1.2m Oz with an average grade of greater than 10 g/t + a significant highgrade Copper resource also JORC compliant
All resources remain open along strike and at depth
At current prices this represents in excess of $1b in revenue

A position that is surely the envy of many a gold explorer
and a resource significant enough to attract the eye of some of the big boys

PROCESSING OPTIONS
So far the metallurgy looks very straight forward.
We have the warrego mill approx 60km from our tenements sitting idle on care and maintenance, not sure anyone knows exactly what state the plant is in or how much would need to be spent to re-commission it.
The next nearest plant is at Pine Creek approx 250km south of Darwin sitting on the Alicesprings-Darwin railway line which as we know passes thru Tennant Creek.
Another option (probably the least likely) is to build our own plant. This requires capex that we currently dont have.

MINING OPTIONS
Seems clear that a series of open pit operations will be the go. Starting small at Rising Sun, Nobles Nob and NN West etc with the ultimate goal being Juno open pit.
One hopes that this approach will require minimum capex/opex spending with resultant revenue providing the funds to progress from pit to pit and build the 'kitty' at the same time.

WHO WILL MINE IT
As discussed EXM lacks the experience to become a miner and i think the accepted wisdom is that this task is best left to a 3rd party whilst EXM carries out further exploration to expand known resources.

A j/v with an experienced mining outfit seems like a sensible and feasable approach.
Contract miners could also be considered ie;Leightons & others. This could be done via a J/v or simply on a per tonne basis.

It has also been suggested here that a tie up with another TC operator could be feasable


any comments / suggestions