Darren can discover the "golden fleece" and no one would care much
What counts now is:
successful trial mining and grades reconciling to estimates as well as costs
Who cares if you have zillion ounces if it costs more to mine than to sell ?
(certain dog comes to mind with one of the biggest land holdings in Kalgoorlie and still shut down all mining operations)
Sentiment in the sector has changed:
the shine is off - just another commodity and margins rule, period !
There's also the little fact of billions of shares on issue - impacts traditional stuff like EPS etc
Think until the trial campaign is over and results are in and convincing to take it to stage 2 (providing ML has come in) not expecting any major movement/re-rating of ABU.
ABU Price at posting:
3.3¢ Sentiment: Hold Disclosure: Held
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