look at companies like BDR who have transitioned from explorer to producer during 2013 - have substantial debt - have lowest quartile all in sustaining cost and have regained almost 80% of their heights !
Yes they've had delays as well but did communicate those delays- period.
Will full ML make a difference to ABU SP ? Possibly not - and we may have wait for a first full production Q to see all in financials for a re-rate .
I do think that 3 months do matter.
Do I believe there are 62kg of pure gold in circuit ?
Darren is talking about 31 kg (1000oz)- even that I find hard to understand - but hey what would I know, not being a mining engineer, but I would tend to believe Darren more that paper (old saying about paper being patient).
Others have voiced their displeasure at ABU divesting of various land holdings - doubts about financial viability of the approach and other matters.
Fine by me - rainman shall shut up
ABU Price at posting:
2.2¢ Sentiment: None Disclosure: Held
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