Heard equals hearsay,
I wont hold TL to it, though it has been close/half way on past mining production figures
"1 July, 2014 to 30 June, 2015 processed at an average grade of 23.9 grams per processed tonne of ore"
"Ann july 2016 june month of operations gave results of 22.3 grams a tonne processed"
Can easily finance more plant equipment eg dozer escavator etc.
through a finance company not Cap raising.
Though if they did go for another processing Plant may need CR
It was the not the smartest thing they did recently shutting down
all production for upgrade -excluding break downs, and having no cash rolling in.
Should have left the old production process alone ticking along and built all new next to it stand alone,
then moth balled the old one for care and maintenance in the advent of a break down to have a fall back processor unit.
Having had no plan B, company creates even better opportunity now with complete new upgrade this time around, leave existing new "Larger" upgrade processing for a more Profitable stream of cash while building a new processing plant up the road and across the creek giving more security of production income even if one breaks down!
Now Looking forward to the further 9 of the ten drill program results of the enterprise lodes
and see how close they get on their past IPO estimates and is all subject to TL keeping our sh1tty Tinny afloat overseeing final install of upgrades currently!
IPO Early Estimates
Edie Target Estimates
Structure Strike Total Depth Au Ag M Oz Oz
Length Width Average Average Tonnes gold Silver
Whites North 770 4 50 3.7 180.0 0.4 42,000 2,050,000
Whites–Surmans 800 4 50 3.2 187.0 0.4 38,000 2,213,000
Midas 320 8 50 1.5 119.0 0.3 14,000 1,126,000
Mounts 670 5 50 5.2 18.0 0.4 64,000 223,000
Cookley's 460 4 50 5.0 2.5 0.2 34,000 17,000
Edie Lodes 570 8 200 2.5 94.0 2.1 169,000 6,340,000
Edie Extended 500 8 200 2.0 80.0 1.8 118,000 4,733,000
Enterprise 600 200 50 4.6 22.0 3.6 532,000 2,547,000
Enterprise Extended 600 200 50 4.0 20.0 4.0 514,000 2,572,000
Karuka Extended 500 20 100 2.0 40.0 2.3 148,000 2,958,000
Ingopae 800 200 50 2.3 na 4.6 340,000 na
Total (rounded) 20 2M 24.8M
FID
MOO
along with snippet facts!
- Forums
- ASX - By Stock
- Where Elephants Roam.....Gold,Silver,Tin
Heard equals hearsay, I wont hold TL to it, though it has been...
-
- There are more pages in this discussion • 85 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)