Mine Site Design and Planning, page-8

@drpinks
Spot on!

Picking good companies with good prospects that are near mine ready, say, within the next 2-3 years is the only way to go IMO.

What is a good prospect? IMO, something that fits the following

• Open pit mine development
• Resource 1Moz + with potential for growth
• Valued Per Resource/Oz Significantly less than $130/oz
• Strip Ratio Less than 6:1
• Tier 1 Jurisdiction

The upside is plenty, as they progress the advancement of the development, the project is more & more derisked and at some point, they'll either commence production or will be acquired. Matt was asked the question of a takeover once during an interview and his response was something along the lines of 'we'll aways do what's best for the shareholders'.

Yes, the news flow could be improved alittle, but it isn't too dissimilar to the frequency of what many other WA explorers are releasing.

There is too much emphasis on news flow for a re-rate, truth is, it's irrelevant! don't need it, just happens! recent examples BRV, NVA (Whilst at different stages) were recently trading well below their current market caps and both have resources in excess of 2Moz. Off the back of no real significant news, re-rated 100%-300%.

There are a few explorers that are trading at seriously low market caps still. Just need to ignore the short term fluctuation and back your research and conviction.