BGF ballarat goldfields nl

re: great buy-otaw Otaw, the mine plan is being drawn up at the...

  1. 5,867 Posts.
    re: great buy-otaw Otaw,
    the mine plan is being drawn up at the moment no doubt, and part of the process moving to the full Feas Study will invariably involve further drilling-but not a pin cushion, more confirmetry stuff around the proposed decline extensions for metallurgy/grade control/continuation. May add a bit to the resource base however should not significantly alter the potential mine plan unless something unexpected jumps out.
    It will face the same sort of problems as PSV and BDG.It will need to be equity driven rather than any substantial project finance-that equity may have to come from shareholders (and see the difficulty Bendigo is currently experiencing in terms of share price dilution/emasculation) or possibly from a big brother-management is very close to Goldfields.
    Cheers,TAS
 
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