Shortly our Quarterly will be with us , it will be a little reminder of what has been achieved this year in what our Chairman describes as a milestone year for Scotgold .
Our Chairman who joined us just over a year ago with a 7.82 % holding has now increased that to 43.7%
Our debt to RMB has been cleared mainly with our Chairmans money.
Our Resource has increased in the M&I to 14.3g/t Au & 59.9 g/t Au for 248,000 & 1,043,000 with a further 18,000 ounces in the inferred category at 7.9g/t Au
The National Park Authority granted us 24/6 processing a significant milestone which went mainly unnoticed by the market . This will allow significant reductions in the capital outlay and also reduce our already low production costs whilst allowing us to maintain our throughput .
Our National Park Planning permission should not be forgotten , this will stand us in good position in the years to come as we become highly cash generative and look to expand in what our Chairman has said will be a Significant Scottish Gold Mining Industry.
A blue print for environmentally friendly mining which will be rolled out across Scotland a beyond .
Tick tock
SGZ Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held
