hi andrew you are dreaming. they do not hold full title to all resources. stock piles are low grade as is tailings. the available tonnage to process is the anchor to the price.sp that is.
they have been trying to find the elusive high grade area so that the grades going to the plant are not a keep the company going return.
the need for high grade zones is of paramount importance as the tonnage going through may be the same but the return on higher grade is the key SP increase.
trenching ,drilling and extension drilling are all about increasing the grades. not finding more at 2grm/t.
the greenfield trenching has potential and the increases in reserves bode well, but the grams per tonne like FML will decide the SP.
imho
WG
SBL Price at posting:
2.9¢ Sentiment: None Disclosure: Held
