Investment case for CST, page-28

I agree that CST ticks a lot of boxes but disagree that it's in the high risk category, 10years worth of drilling and studies has gone into Rover 1 and therefore heavily de-risked. we know we have a resource and is development ready, extremely likely to expand on this resource, we know roughly cash costs for production and capex even though outdated by few years, we have $18m in the bank(2-3years), top mgt etc,

there are only 2 threats that I see
1. gold price crashing- highly unlikely, more likely to keep going up for the next few years
2. delays in drilling- couple of weeks here or there, negligible for LT holders and good trading opportunity for traders

comparing to many juniors out there, I consider this relatively Low risk