It seems undervalued to me, the short mine life and relatively small proven resource may be a reason for the lack of interest??
Hard to believe the mine life wont be extended and high grade resource continue, Andy well is open to a depth of 480m but being an epithermal deposit im not expecting it to extend beyond 600m, the hope is for multiple significant lodes to the north and south.
Still, the boring but highly profitable strategy of developing a mine and producing $$$ instead of endlessly drilling to define a hidden monster displays confidence and is one of the reasons im on this train. The strategy has been proven successful by NST and SLR.
Nice to get notice of some fund support today and a new substantial holder to the register. Re-rating should occur with positive results from the Judy zone in teh next couple of months and with production around August, assuming all goes smoothly.
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