RE:RE:RE:RE:RE:Poor results and declining gradesIn my opinion, which has been proven entirely correct so far and today regarding the poor results, a production mine will not even happen.
Countless of low grade deep deposits such as this exist worldwide and there are lot better high grade shallow deposits for the majors to throw funds at and EGX will find it very hard to raise the funds needed on such a marginal resource.
Large scale production from the Condor project just will not happen in my opinion. Too much CapEx, deep low grades and high OpEx cost.
All in my opinion of course and I have been entirely correct so far.