the silence is deafening, page-18

I bought back in again after I noticed the price had collapsed back under 20. With $40million cash the EV on the assets is around $60million. henty is showing form and looks like they have at least 4 years production plus considerable exploration upside, especially with the expanded tenament position. I think you could value it around $40million once they get a new JORC on the recent discoveries

which means the market has now written the bendigo mine down to $10millionish. That could change, but from a valuation perpsective buying now means you get close to a free option on Bendigo coming good

Its certainly been a huge let down for everyone . The problem is the best gold endowment is in the North end of the field but its going to require a lot of capital to prove it up, money they would be better off spending in Tassie as far as I am concerned