thanks Doc for your hard work I think? i kind of preffered the simpler analysis done by stefan of $2 mining costs with credits from lead...Obviously the market must share your views though. What I dont understand is why would ARD carry on with the project if it wasnt viable. The resource has been known for a long time and the costs must be fairly transperant from the outset?
Hopefully we see a more optimistic DFS in the short term. Another point I woulld make is when the dr originally recommended this share he compared it to a number of other projects that where further down the line with a lesser resource. How are they viable (Alcyone 15m at June 2011, SVL 10m,CCU the largest with 51m)??
ARD Price at posting:
5.5¢ Sentiment: None Disclosure: Held
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