PSC 3.00% 9.7¢ prospect resources limited

PSC Acquire Option Over 12km African Gold System, page-22

  1. 42 Posts.
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    To be fair, I missed the announcement in Feb on their plans to do toll milling of their ore - sincere apologies! Still 190oz/month is while encouraging is quite a long way short of their projected 15-20koz/yr and using their RoM grades of 6g/t for the estimated 3800t of ore exposed that's only 733oz realized from all this development.

    It would be great to see these guys do well, but mining is like that. Production is always delayed, costs are invariably higher than planned, and in this case much of what they hoped would be there has already been mined. Its the nature of the business w.r.t. small zim mines.

    Good luck.
    Last edited by Blue_bull: 09/04/16
 
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