Another positive update on Pearse North today>>
• Preliminary significant intersections (using a 1.0g/t Au cut off) include:
o PNGT01 – 7.4m @ 2.91g/t Au and 27g/t Ag from 0.6m.
o PNGT02 - 3.6m @ 4.90g/t Au and 70g/t Ag from 42.4m.
o PNGT03 - 3.0m @ 6.03g/t and 54g/t Ag from 52.0m.
o PNGT04 – 4.0m @ 3.35g/t Au and 90g/t Ag from 22.0m.
o PNGT04 – 9.82m @ 2.46g/t Au and 18g/t Ag from 28.1m.
• These drill holes were primarily conducted to gather geotechnical data for pit wall designs.
• The results validate the existing resource model and enhance the level of confidence in the
estimates' geometry and grade.
So under the radar .. buying them while they are cheap won't last forever,IMHO The open-pit operation looks very profitable esp with further high-grade hits right near the surface being discovered ..
More updates to come>>
-Resource updates .. Pearse North, Pearse South, and SOZ.. more LOM
-Early 2024 open-pit production updates
-Misima - JVP ? trade sale ? capex of A$476m and average LOM AISC of A$1,217/oz... 120-130kozpa over a 20-year mine life..valued at zero IMHO ...but could well be free carried JV worth millions pa to KSN ...or outright sale?
using the numbers min = 120koz x A$1700oz =204Mill pa x 20y =A$4bill+ .... aka rough $3Bill EBITDA ...10% trade value 300mill ?? ok lets make it a joke 1% = $30mill trade sale + fat muti million royality pa for 20yrs ..
KSN market value =A$41mill
AUD GOLD spot =$3020oz
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