Gold – the final bubble, page-3784

You have already bought the best stock on the ASX. If SAR didn't buy thunderbox Carasoue dam would be a
250 000 ounce a year operation with a 20 year mine life. Spending the extra cash on CD would have made it one of the best assets in the Southern Hemisphere.Read the operational review 10 May 2013. You don't need inside info you just need to read back to 2011, all the info is their circa AISC Deep South , robustness of whirling dervish underground. All buying thunder box has done is put back the tertiary crusher upgrade back another year. $18 million to increase capacity to 3.2mtpa and another ball mill to get to 4mtpa. You would have had RO UG,K UG, WD UG, DS UG and blending ore from walbrook. Maybe 280 000 ounces. I spent the morning analysing EVN,s and NST,s assets on an individual basis and size by side like for like CD and TBox stand up against them exceptionally well. I know there is commodity price risk and mining is mining but I think if you put an expanded CD without thunderbox acquisition as a hypothetical against Cowal you would have been buying at 33c instead of waiting for a trend change, oversold on an algobot driven swing low with above spot hedge protection for 18 months. The real sweet spot comes from mid 2017-2020 operation status quo. Looking at echelon lodes and grade increasing with depth at karari and ounces per vertical metre a dual exploration drive/ decline to WD UG. I pinched myself at sub 36c thinking there really is a god. A breach of $1000 U.S. is more buying and a rise above $1250 is sit and wait. I am really not sure whether it could crack 23c again. DYOR. Not advice in the slightest. I think more time valuing assets accurately and less time looking left can be a real bonus. Not without risk by any stretch but forward P/E on a lot of different scenarios has more favourable metrics for Roe than a lot of stocks that
the average yield investor raves about.