TBA 0.00% 2.6¢ tombola gold ltd

I think the problem with Burra is fourfold:It's in South...

  1. 191 Posts.
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    I think the problem with Burra is fourfold:
    1. It's in South Australia, which is far from what is considered their central operating area of Cloncurry. This wouldn't be a problem for a larger company that could wear the extra staff, but for Tombola it would result in serious attrition of capital.
    2. It's not drilled, and drilling costs money. To get it to a JORC resource would involve considerable cash and time. This doesn't play into the "fast track" mantra.
    3. Geoff Kidd was the Burra expert, who knew the area, had ties to the University, local experts, and local government. Building those relationships has to start from scratch again.
    4. This red flag about the Burra mining licence in the MDs presentation , which I'm not sure why others aren't concerned about. I would love to hear a sensible answer why this is not a major problem with Burra and it's "Monster ore body":
    https://hotcopper.com.au/data/attachments/4467/4467313-b03ca731a63eb4daf08e45233eaee771.jpg
    Last edited by kjartan: 29/06/22
 
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