recapitalisation, page-8

  1. nk
    3,203 Posts.
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    part of the resource is sulphides plough so they need the leach plant.

    There is a good report here on the prospect

    http://asx.com.au/asxpdf/20090331/pdf/31gvlfbzhqyvct.pdf

    I am going to reinvest via the rights issue, not sure how much at this stage. I was lucky enough to have sold most of my holding at a profit so happy to "plough" the profits back in

    The max1 shoot has measured and indicated resource around 10,000 ounces at about 25gpt. Its ready to haul up and load into the mill. In theory they should make a tidy profit from this shoot

    we'll see

    really its more an explorer at this stage, with enough defined high grade ore for self funding once they get their act together.
 
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