THE 4 MILLION OUNCE BET, page-7302

For one - Cost of drilling to increase jorc then requiring another CR especially as they wont go into deeps for at least 10 years or so. Essentially the deeps would be the reserves.


They are going to increase drilling and jorc but not on retailers timeline!

they have stated they have already applied for extension of MR which is supposed to be fast tracked by govt as it doesn't have to go through same process. What fast tracked is in SA is anyones guess, but will def increase oz's.

I believe mngt is responsibly expending money in the interest of making a successful company rather than apeasing short term retailers who just want out as soon as SP goes to 10c.