I would generally agree with your explanations. Its important to be laser focused when on a shoe-string budget but I would think (guess) that the rock they are clearing should/could still be economic if some of the grades being discussed on this board are half accurate. Just load the truck. Yes, lots of waste rock comingled but…
I do appreciate the objective, grounded discussions vs. those that leap from AUMC trying to find the DL Vein to some of the nutty commentary speculating about mining 5 faces simultaneously. All while the majors are lining up to get involved while the one with front row seats (H) won’t even move forward unless AUMC raises money for additional drilling.
This has the potential of being a homerun (which is why I’m observing from the sidelines) but peeps need to understand that the co is years away from being able to even handicap the possibility of the potential here. Those who continuously fantasize and pontificate about blowing out the candles before the dough has been rolled are really doing their audience a major disservice.
This being said, there do seem to be a handful of investors who understand that this will take patience beyond the current bull market cycle in gold.