Hey Snouty
They are working on the Metallurgy of Mt Kare, as such trying to work out the best method to dig, extract and process the gold and silver.
Buffalo's project mainly focused on the gold, since the price of silver was only $5.50/Oz at the time. Now that the price of silver is $32.oz, if IDC can fine tune its extraction, which may mean additional duplication of drilling, then so be it.
I'd rather they validate their work so that when the PFS is released there is the confidence in Mt Kare for the big instos to invest significantly into the project to bring it to life.
In early April the labs released 70m out of the current 10,000metre drilling program and the share price hit 20.5c.
Imagine what is going to happen when we receive a more consistent release of ultra high grade gold and silver results. Especially when the silver is in such high grades, that the gold processing will be $0 C1 Cash Cost!
I still to this day, have never seen gold and silver grades as high as we have seen in Buffalo's drilling, which IndoChine is duplicating. At the end of the day it is all about the quality and quantity of gold and silver in Mt Kare.....the rest will sort itself out.
Cheers Nectar
Hey SnoutyThey are working on the Metallurgy of Mt Kare, as such...
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