RediMoney and others Greetings,
A clean up of the circuit takes considerable time. In this case, it has to be a very meticulous operation particularly seeing it is a maiden cleanup. I suspect ABM and Darren especially being very professional, will want to make certain that all the parameters including assays and final calculations are beyond questioning. It has been barely 2 weeks since the return to work after the rains. So, let's be a bit more patient for a week or so. Besides, In my opinion the average grade of the results to date will not change much because of what ounces will be recovered from the circuit. They certainly will not make or break the total revenue of what can be expected in stage 2 of the operation when the ML is granted. I believe if a ML was already in place, ABU would start mining even if the average grade was a quarter of what it is today.I think it is unrealistic to believe that + or - 1 or 2 grams per tonne will dictate the overall economics of OP etc.(As is and as we all know; these are very rich exceptional ore-bodies). Therefore, to expect a price rise on the basis of the clean up is a bit naive I think. I don't think it will be because of the amount of gold the clean up will yield. The real rises in the share price will come from money institutions and big players will invest; and this will happen only when there is confirmation of the ML grant and the company proceeds to stage 2, I'm sure we all know that. We might see a few points of a cent after Darren presents on the 17th March when he will likely elaborate on the completion and results of the "Trial Mining Programme" in its entirety as well as on the exploration results to date and the exploration potential in the region.
In the mean time, Let us hope that the Ides of March stay away from this company and do not throw a broad side at us.
Abu, sail smoothly!
Cheers all,
Helmenesh
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