could be absense of WD information. assay and driling results are too quite.
their short/mid term business strategy seems to be to buy stranded high grade deposits and keep feeding mills. Even if you have to truck over distance you know what you margins are so it is factored into purchase price. effectively treating both mills as an income producing asset.
They have increased production to two mines working at unrestricted production levels.
They have, money in bank to fund deposit purchase and 8% in a high grade asset with ground near one of our mills.
Unless one of the mills has broken again or WD life is not extended i can't see a reason not to let it play out for 3-6months
RMS Price at posting:
95.0¢ Sentiment: Hold Disclosure: Held
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