I'm super impressed with the progress to date. As the old saying goes Rome wasn't built in a day, however, these guys have to be commended for how quickly they have got to this stage. I'm sure they are fully aware of the need to capture as much of the buoyant price as they can.
I like the report, a lot!. No cash costs but they have let the market know why they have their hands tied, it's perfectly rational when one understands the ASX reporting requirements, I see it all the time, it's frustrating. In the meantime, one can get an indication of costs from their impressive cash preservation for the quarter. Rest assured that costs are tracking budget, maybe even better. If these guys had failed to tick a box to date I would be concerned, and this is why I have full confidence they will deliver more good news this quarter around definition drilling, reserve statements, mine plans, progress with the BSM's, production, shipments, beneficiation plant etc.
We are all on an exciting journey with a great team, an impressive asset with a cost of production circa US$60/t - plenty of meat on the bone!
Regards
Pihrana
TI1 Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held
(20min delay)