Castaway, probably more like 5-6 years for gold from Mutsk.....
Ore getting involved in an oven ready project might not be a bad idea, but with the relatively small amount of capital available it'll be fairly small scale or a very small slice of a bigger pie, but yes, income would be nice....guess we'll find out at some point....
COLI, maybe Mutsk is a future possibility but I would have thought it will take at least another 2 years to get mining, and why have another placing when there was cash in the bank in September - In the 30 Sep RNS I think this is the key sentence as to why "to advance the Company's exploration programs and to develop new projects" - the new projects phrase is of interest to me. There are plenty of projects ready to go or already mining that need cash i.e. need a partner or are for sale. Revenues are needed in today's market ORE's current projects are too far off that stage. Now is the time to bag a bargain IMO.
2.5g/t not worth spitting for......??....little wonder you don't 'get it'.....
the average grade of ALL producing mines worldwide is...get this....1....yes 1g/t..........
they already have said that the indicators are there for higher grade zones.......until they actually discover them they can't state it in an RNS......unless you want them to lie to give you your exit opportunity....?????
here's a link for you to give you a better understanding of why Mutsk could be a big winner in the years to come.....
Still dont get it. Read all the postd and in my opinion product is king.
So where is the gold .......... I guess the grades could be indicating we are creeping closer to higher grade Zones but .............. why not say so.
2.5 g/t is not worth spitting for.
I believe Osbourn's budget indicates all the pundits believe better economic times are just around the corner so he can expect much higher tax receipts in a year or two. But the gold price isnt showing any signs of revival ...... nor is there any sense yet that the QE chickens are coming home to roost.
So for all the quality of the board my expectation is that CB has been shunted in to see if there is in fact anything worth mining and except for that bonanza hole indicating we a\re just sniffing the perimeter of a decent deposit at moment; I think we may shut up shop in a year or twos time .........like all those othe tiddlers with no grade and no money and over paid BODs
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