NQM 0.00% 40.5¢ north queensland metals limited

the takeover!, page-10

  1. 927 Posts.
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    Perhaps JG had no money left after he paid his handsome salary (:

    Re Twin Hills, the work up to 300,000t(open pit & u/g) is gradual and is regarded as an optimisation exercise (ie mining down to the breakeven grade). Minimal risk imo, plus the full utilisation of the plant is budgeted to save $100/oz on current processing costs once at capacity.

    Twin Hills shows sinter and I suspect the drilling has not yet found the source. It has some terrific spot grades but the rising fluids have gone all over the place rather than being restricted to a structure. I also suspect BMA got the interpretation wrong. Imo there is a good possibility that something significant exists at depth, below or along strike from 309. Id like to be holding the shares when they find out!
 
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