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can they just start mining already.

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Bouncingfiddle

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12/11/20

22:40

Post #: 48840323
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Originally posted by ACEMINER: ↑

Ray once again you have blown the messaging on the drill program and destroyed shareholder value on the way through. Eventually the results will speak for themselves but mate you need to stand aside and let someone else message the market. What you missed for starters.
The ore bodies in this region increase in grade with depth and you need to demonstrate this with results. Multiple results actually show great promise for low cost surface mining starter pit(s). No mention of either just pluck from your arse one 17g/t headline intercept which actually wasn't the highest if you were trying to get some headline attention. There are 3 or 4 intercepts above 17 g/t all the way up to 137 g/t FFS
NB all down hole lengths so not true width ( actually skinnier) or actual vertical depth (actually shallower)
Appendix A
Hole 012
0.7m @ 1.45 g/t from 2.6m
1.3 m @ 1.26 g/t from 6.5m
2.9m @ 1.35 g/t from 19.8m
Hole 013
1.7m @ 24.45 g/t from 95.7m
Hole 014
Multiple 0.5m @ 1-4 g/t from 88-122m
Hole 016
0.5m @ 6.95m g/t from 53m
Hole 025
0.65m @ 1.58 from 94.9m
Hole 026 0.3m @ 9.06 from 12.8m
Hole 027A 0.4m @ 8.55 g/t from 37.5m
Hole 028
0.35m @1.65 g/t from 26.15
1m @1.54 g/t from 69m
Hole 031
1.25m @ 3.82 g/t from 138.45m
and so on including the historical intercept table.

So the true story could be a fast start low capex surface mine plan down to say 80-100m then punch off the pit floor into a decline saving UG development costs while generating early cash.
Maybe I missed something but that's what the early results tell me. Use some of your cash pile to conduct a tight shallow RC drill program and you should be able to prove up a number of starter pits and completely change the narrative old fella......

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can they just start mining already.

AUT Price at posting: 10.0¢ Sentiment: Hold Disclosure: Held
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can they just start mining already.

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

Lendlease sells off US east coast construction operations in latest global divestment push

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

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can they just start mining already.

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Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

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