Please note wish to draw ones attention to key extract from the Scoping Study (refer page 10 inverted)
Production Options Include:
- Mine the Koala and Glen Eva deposits and Toll Treat or sell the ore to 3rd parties ...cost $5m or
-Develop the Eugenia Heap Leach deposit...cost $10m or
-Develop the MCGP by staged development commencing with Koala and Glen Eva deposits...$20m or
-Achieving full funding support of $30m to develop the three deposits...
Furthermore "The Company is currently in initial discussions with various parties in relation to the Productions Options"
My thoughts are one of the above options will be achieved in the near term...these guys are Miners and will achieve
acceptable desired outcomes.
Best wishes to all for the coming festive season.
GBZ Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
