fat prophets, page-17

TAM? Difficult orebody, isolation, cost pressures - but in particular poor management to date.

Yes, they appear to be clawing their way back, but they're a long way off cash positive.

The odds are stacked against start-up gold producers - especially if they're chasing narrow-vein, or remnant stuff that's already been picked over.

I read a while back 1% Ni = 12g/t gold. I can think of a whole lot of 1% Ni deposits, but not many 12g/t.

There's a co called Alloy(AYR)that have a 5g/t deposit ready to start developing, but have held off because the risk is too high.

Im sticking to Coal, Fe and maybe Tin.