Yes David regarding NImu I'm reminded of Jeff's 20/20 presentation :
"In May 2006 we signed a project called Nimu. If Snow Mountain is a steady project - growth through exploration - this is more like a lottery ticket the
potential here is really huge !"
He went on to describe the mineralisation at the nearby TibetCo mine as being 20m thick 1/1.1% Copper Oxide and that Central China had already identified three zones each of which might contain 100m tonnes of ore. He also said that they were carrying out geophysical trenching at the edge of the phyllic zones ?
GGG's management strategy is again clear in advancing Dong Mao Huo Mine, it has decent gold grades and the existing production can be ramped up quickly to cash flow.
On the othe hand dropping Xiang Shui Tan which also has decent gold grades makes sense, it is not near production and the type of veining I guess makes it more difficult and expensive to mine.
Nimu is being agressively advanced now with scout drilling after the Spring thaw, can't wait !.
Graco stock quotes
Graco stock charts
Follow this thread
