Resource Levels Attract, Early production MonetizesWe have a mill and mining camp that is fully operational , requiring only commissioning and associated fine tuning.
We have rich low cost tailings to produce rich cash flows once commissioning is complete and and low low grade tailings near the mill to commission the mill equipment to economic ramp up.
A process that will take About 6 months or so before the high grade low cost tailings of 1.79 grams per ton start throwing off rich cash flows at about 75 % operating margin.
Lets say a full year from turning the key to full commissioning including 6 months of rich cash flows.
Meeka and Musgrave along with ODY are looking to monetize their discoveries early and in that one year period can complete suffucuent grade control and bench development to begin oxide mining.
We have the mill and mining camp for toll mining of 15,000 to 20,000 ounces per year.
Production is more important to share price than discovery of significant ounces .
Dato teaches technical and economic mine development as an adjunct Professor of Mining.
He will do the right thing.