News: Ramelius digs deep at Western Queen South , page-6

re: News: Ramelius digs deep at Western Queen... so your price is based on a falling gold price and assuming any cash burn from drilling and possible? upgrades would add no value to the sp. best not spend it then.
it also gives no value to 2 mills of which heaps of $'s have already been spent on upgrades.
although a more clearer plan is needed, they have hinted that their smaller higher grade deposits will be mined to supplement mt m.
if gold price falls then these deposits might be the main focus unless they can get their costs down at mt m. it will mean less oz's but less bleeding.
you've got a very negative outlook on everything. you may have been right over the last 12mths but if wattle dam hadn't become unstable(small holders the last to know) then i think we'd have a healthier sp today. not $1.50+ but certainly higher than where we are. most were still expecting wd to contribute for a few more years.
being a high cost producer means they are gonna suffer more than most with a weaker gold price but on the flip side they become increasingly more profitable on a rising gold price.