RE: Balanced view7 May 2020 09:20
Literally from reading the RNS all the project needs is to secure the necessary funding. A previous RNS stated that was proceeding well albeit with Covid-19 restrictions and has been delayed till 29 May 2020. With this study, the value of the deposit has got a payback period of 5.3 years from start of production with a mine life of 25 years. This assume a recovery rate at 52%, a $1500 gold price and a grade at 0.14g/t. I feel probability wise, looking at the scoping study statistics and the overall low cost of running a tailings based project, funding really should be given! With pretty much 20 years worth of returns. I'm holding out till 29th May regardless