Indeed he is no fool
Be careful of the historic grades, there was a filthy rich blanket of bonnza gold ore at Maldon which doesn't extend at depth ,the old timers took it and made a fortune
If they can mill 30,000 ounces pa at around $800 cost and gold is 2500
Then we are talkng $3 to $5 here. The secret is to keep the issued capital at 100million as these projections are extremely sensitive to shareholder dilution
they may need to do another small raising but I suspect it would via a rights issue
The wild card of course is exploration succes in WA
So many failures in Victoria, will ORS deliver?
Indeed he is no foolBe careful of the historic grades, there was...
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