Quinty wrote
"Notice NST has rocketed up 20% on a very weak bit of news compared to what I believe we should be in for....."
I wouldnt call the highest grade hit in Oz for possibly 40 years and a possible complete new parallel lode structure a "very weak bit of news"
In saying that my small punt on CGT has gone from 16cents to under 10 cents in a week.
Really comes to having all your ducks in a row, just one weak link and its a house of cards for any of these miners.
Looks like CGT has not kept control of costs and is not utilising selective mining techniques (ie air-legs). MCO seems more conservative the upgrade with the winder will give a good return on capital, more productive hydraulic operated airlegs will increase production rate, and a small semi automated HMS plant means lower processing costs.
Be good if you guys start pouring before Christmas though!
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