rome is burning, who is fiddling?, page-17

I wish I had your enthusiasm...

realistically speaking, I would bet that Youanmi will get sold/spun off - it really is a non-core asset given the amount of ounces now proven at Wiluna. Personally they should have spent more money on surface exploration for open pits rather than 'find' down dip extensions of known orebodies. With the amount of money left in the bank, I'd also wager that Wilsons/Gidgee (if it gets online) would require another capital raising as you are doubling up on staff etc. They would also have to seriously consider contract mining as another Apex-owned mining fleet simply wouldn't pay for itself.

I understand the Chinese have a long term view on gold in that they believe it's cheaper in the long run to buy ounces in overseas mines than it is to buy on the spot market - particularly when you consider the projections some people have ($1500/$2500/"name your price" per ounce)

DYOR - I'm sitting on the fence waiting and watching