I forgot to mention that the Blair mine could probably be re-opened for an expenditure of about $2M or less. The ore was previously treated at Kambalda and there is still an existing agreement to sell to Kambalda, who are keen to get as much ore as they can to increase through-put in their plant. No significant infrastructure expenditure.
PIO Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held