hello 2mar$, today's report:
(i) observation: zulauf and enough astute folks are counting on, baiting for, and otherwise waiting for the hopefully inevitable. time shall of course tell.
in the mean time i must nap early this night so as to rise at 3:00, clear of mind, and continue on calculation iterations and presentation revisions. for it is near crunch time for fund raising.
(ii) noted earlier was the first-pour Message 28894682 , and am happy to report that the pour continues unabated, so far so good, and even better
the outcome of the first pour has reached little jack's hand, still a dore bar but a polished one, at 1.2kg, a fine-enough toy to go w/ his excavator and dump truck.
the assay report came w/ the good, and it indicated
iow, 50+% gold, 40+% silver, and "we do not care" rest of the more useful stuff.
(iii) we have other good news, namely the nature of our project #1 (mine & mill) sulfide ore found in dumps so far, a few years supply, are geophysically such that we do not need an expensive sulfide circuit to process but only apply of already-in-place leaching process to treat, and ... recover 60% of the goodies.
while tee-ing up an expensive sulfide circuit would 'only' move the dial from 60% recovery to 93% recovery, we do not need to do that from the get-go, and can simply extract the 60% now, put the tailings into storage for later re-processing, and do such re-processing whenever we feel bored or when gold hits 6,000 per troy.
australia is indeed the lucky country where thumb-sucking newbies can just wander around and pick up gold.
(iv) i am not greedy, but should the current gold / gold mine drubbing continue, maybe we who are aready in the arena get to pick off more gold mines at 0.4% of peak valuation instead of at 0.5%.
every 20% counts :0)
cheers, tj
p.s. must go watch an episode of never before seen (by me) of perry mason and hit Zzzzz at 9:30 so as to wake up at 3:30am. |
