Burrower pretty well sums up what the situation is.
The first bore was about 340m down at the time and was looking as expected. They should be in the target area by now but there are several more bores to be done and no guarantees that the ore-body that the geologists think is likely to be there actually is.
The MINCO guys made a lot about how the opinions of the locals is very important as to how or if they carried out their operations and also about local jobs. Not that there are loads of miners around but the time required for sinking the decline would be plenty to get people trained up. If their contribution had been all Powerpoint and slick I would have been decidedly dubious but they came over as real people, which is nice.
They were very careful to say that everything is conjecture at the moment and while it is nice to think of what might happen, even if everything comes up trumps it will be at least 5 years before a mine is up and running.
The mine operation, should it happen, is likely to have a relatively low impact on the neighbourhood. The mine surface site is likely to consist of a medium supermarket sized shed and an entrance. Where possible deads, such as from the decline sinking, would be sold as road fill and it was expected that mill tailings would be concreted and used to backfill the mine workings. So dig chamber 1, leave a pillar, dig chamber 2, backfill chamber 1 with concreted waste and so on.
Talking to the geologist they are keen not to come into contact with the existing mines so are drilling to intersect the veins at ~400m IIRC which is well clear of the existing workings and they are too far East to be likely to hit any of the crosscuts.
Don't look so embarrassed, it's a family trait...