Hi @llyalpark
Why will it change? - that was the the intent of my note - I think it has changed, milling numbers & grade improved, processing numbers and grades are improved all Qtr on Qtr
They have sunk $14m into cleaning up pits for better access, getting a GPS mining machine, new screen, on site lab etc
If noting else sitting on roughly a $40m plant + $17m cash = $67 m, 67/970m = 7.1cent per share.
This values the 0.5MOz rsv and 2.5Moz rsc at around $12m (@$79m market cap)
So 12m/2.5m = $4.8 per Oz RSC .....
So will it change? - No idea but 8c buy in looks better than a few months ago,
B4 I buy more, I would like to see Oct Number processing numbers released late this week or early next week, & definitely at the AGM
Also want to see Directors buy.
So my view this is not investing advice.
Why will this end differently?, page-6
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