Hi
@LJohnFurther to what
@gbgirl posted.
Yes, selling could be an option...if someone wanted to stump up cash like that..
If proven up to be economically viable for open cut then GSN can take the path, as the Co explained the option, of digging out themselves and trucking to someone like Granny Smith...at a price of course...but would provide ongoing cash flow to fund further exploration and reduced needs for CR's.
Farm in agreement with someone like Granny Smith is also a possibility...some other info around that further down.
Currently GSN has "inferred" and really the current programs would be about "indicated" to prove up better and make the site more attractive in a number of ways.
Graphic below:
https://unauthorised investment advice/primers/asx-mining-stocks-jargon-explained/So, run a drill program as they are now and hopefully be able to move it up into the "indicated" zone.
With the recent tenement lease applications (misc / general) pointed out previous posts we can see where they are below.
Green are live and blue pending. I've taken out other tenements to declutter a little. Top right is Mon Ami and the recent GSN applications in blue for roads, water, power etc etc all run directly to the operational Granny Smith to the left. Is normal planning imo by GSN as they parallel to proving up the resource and maybe, just maybe discussions with GSM (Granny Smith Mines) for processing..
Some background on GSM which has an ~ life of mine around 10 years they have indicated and if you read the article below you will see they are very open about exploration and mill capacity. Whilst Mon Ami is nothing like GCM / Wallaby at the moment, proving up solid additional resources, particularly if shallow and potential for more at depth, may be enticing to GSM as an easy bolt on.
https://www.miningglobal.com/company/behind-scenes-gold-fields-granny-smith-mineGranny Smith mine near Laverton in Western Australia, had been transferred between a number of owners before it was acquired from Barrick Gold by Gold Fields on 1 October 2013 as part of the purchase of the Yilgarn South operations. The deal included two other gold mines, Darlot and Lawlers. It may not have looked it at the time, given the slump in gold prices, but this has turned out to be a great deal for Gold Fields, which has been able to add significant value to the mine, aided by a gradual recovery in gold prices.
Granny's promises
As part of the Granny Smith deal, Andrew Bywater joined Gold Fields with a brief of turning around the Darlot operation to deliver a profitable operation. Darlot has subsequently been purchased by Red 5 and just under a year ago Bywater became General Manager of the Granny Smith mine, where he has been busy working with fellow leaders and employees.
The main Wallaby deposit was discovered in 1998, with open pit mining commencing in 2001 and Underground mining commencing in 2004, generating over 3.8Moz of recovered gold. Since purchasing the mine, Gold Fields has produced over 1.2M ounces of gold and is spending in the order around $25mn a year on exploration in the area to further extend the life of the mine.
Reserves have grown year-on-year and production efficiency continues to improve. “Granny Smith has gone from strength to strength” says Bywater, speaking about extensions to the Wallaby ore-body, increased mining physicals and improvements to the processing plant. “A feasibility study has recently been completed with board approval to develop what we call zone 110-120. This is our next mining area beneath current workings at a depth of 1200m, a block of ore covering a 900m by 600m area with an Indicated Resource of 6.2Mt at 7.3 g/t for 1.46M oz’s. This will provide Granny Smith with a great mine life of close to ten years.” And that's not all. A pre-feasibility study will take place this year on further depth extensions to the Wallaby ore-body. There are strong signs that another block of mineralisation at zone 135 can be mined below planned infrastructure he says, adding that the focus this year will be to maximise Wallaby's potential, thereby maintaining Granny Smith as a world-class asset. Seven underground drill rigs, operated by Barminco Drilling, are working round the clock to achieve this and advance other targets.
The extended Granny Smith tenements also holds great potential for future ore deposits. This is not just prospective close to the current workings, but also beyond the main ore body at a newly mineralised zone called Blurry BIF. This project is located within 10km of Wallaby and contains significant gold intersections extending over a 1km strike extent. Bringing in more production makes sense as the processing plant has additional capacity available.
As a footnote and whilst I am not on the bird, I see there are some out there recently throwing the GSN name out there. One in particular is a former HC poster.(don't believe on HC anymore though) and has several thou bird followers so would suggest, may see a little extra interest in some having a look at least given results pending soon.
I use this site merely to see anything out there on $codes at times
https://tweet-per-sec.com/index.html?p=1&t=-1&lang=en&o=0&q=%24gsn