kro, I cant find enough information on white well which makes me sus on some statements made, even without drill and blast which is unlikely, diesel, wages, messing, machinery hire, processing and only 113000 oz cant see it happening, rule of thumb is anything under 1gt free dig dont bother and 2gt hard rock dont bother, usualy low grade is only mined if theres heaps of it or its hard rock and the mill needs to blend it with something soft or clay, really white well should be classed as mineralised waste
also if its that weathered so it can be free dug its usualy full of water which is generaly the cause of the weathering so most likely add dewatering costs as well
Im not to interested in MYG's other projects, they seem a bit wishy washy sales pitchy, sitting on quite a few oppies and heads purley for Deflector, looking to be a serious return on investment project if the grade stays high with the low start up costs
71c4
MYG Price at posting:
7.4¢ Sentiment: Hold Disclosure: Held
