Or the skeleton closet, depending on the spin the market wants to put on things?
I think you forgot Blane/Enoch and TP/15 & WA 286 drilling, all prone to bad news (or non-drilling), but we"ll take the good, the bad and the ugly all on an incrementally improving valuation.
I"d written off China a few months back, but now added 70 cps back in. Having topped up at 310 post Jacala current price looks fair to cheap. If your optimism wrt China proves correct, very cheap.
Regardless, I'd like to see Cliffhead further derisked, as around 30% of Roc's valuation in my estimates.
Only thanks to Beibu (through both ROC and PSA) I wasn't a distressed ML seller. I will be keeping a better comfort zone than I normally was, from now on. Only just out of the buffer.
Entropylord
ROC Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
