I think the problem with Burra is fourfold:
- 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.
- 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.
- 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.
- 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":
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