buying opportunity is gone!, page-7

re: macquarie update Tas, at this point it is uneconomic, but it won't be for long. The depth means it will never be an open cut operation, we know that already. If successful it will be a low grade high tonnage operation, similar to Newcrests Ridgeway. Most of us here got in early on the KZL story and paid only for the current operation. We have basically a free call option on Mungana which is open at depth to the east and west + there are base metal targets everywhere. There is also a high grade patch closer to the surface which can be dug up open pit with minimal cost. But we want to see what's underneath. We also have the Balcooma, King Vol resource upgrades coming up as well. Zinc/Copper prices are rising. I respect your views nevertheless, good luck. Good luck with IGO as well which I own.

Whetu, re Macquarie, I'll keep you posted when I get a research report from them on Monday, if it has come out.