No real investor guidelines from published Diggers prentation-just lots of Blue Whales?
The Age hint about $50m would appear to be correct-altered mine plan to go much deeper .Lots of fingers crossed as down there you are moving away from the inferred resource into ? And is the inferred resource at shallower depths still valid-the presentation suggests unexpected voids once opened up,ie the pld timers took out more than the historical records state (surprise surprise surprise?)
Plenty of deep holes now required and a lot more decline work to get to ore?
Cash requirement a big one no doubt. The AGE guesstimate maybe be right-$50m.
No wonder the shares are weak!
Still cannot see a reason to hold.
Cheers,TAS
BGF
ballarat goldfields nl
no wonder
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