MAE have Spare Gravity Separator….. Conventional Gravity Separator separated 84% of the gold at Keats Main ...see NR excerpt below.
Keats Trench will show even higher gravity separation .
What isn't recovered ....lower grades..can be stored as low grade stockpile for tertiary milling by CIL ..which MAE can do.
So, why not borrow MAE's Gravity Separator , move it to Keats Trench and begin boot strap test mining of that very rich shallow gold, with Pine Cove doing the final processing ?
Or acquire Maritime's spare gold mill at Nuggett Pond ?
Only conversion to production cash flows will alter our valuation multiple.
It does not have to be substantial .
But it will send the ultimate message to investors that the period of being an exclusive explorer funded by cheap equity financing is coming to a close, with the ulterior benefit that boot strap mining is the best form of Resource Productivety .
For over 5 years we have had an unfocused management team with no strategic develoment plan and no agressive promotion program completely devoid of high profile Road Shows so necessary to raise funding .
( See Firefky and Bellevue Gold as good examples of aggressive promotion via Road Shows ).
A BOD full of Yessirs did not help .
Will that change now that the dead wood has been replaced ?
AIMHO
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this test work confirms that the mineralization from Iceberg and Iceberg East can be processed using conventional gravity separation and carbon-in-leach (CIL) technology."
Additional details
The second phase of the metallurgical test work at the Queensway property has been completed. The testing targeted the Iceberg and Iceberg East zones. Due to similarities in the mineralization styles found in both the Iceberg and Iceberg East zones, the sampled drill core material was combined to ensure sufficient material for metallurgical testing.