late pfs report??, page-6

joelspore

as per asx releases the company is progressing the pfs , my take is that it is at a pace to minimize cost, plus they have reduced company expenditure on the admin side and exploration side of things thus no news will be coming from that

they have indicated they are in discussions to get mining up and going in some form or other, however I believe ( my opinion only ) that it is unlikely any significant news will be forthcoming until next year

my reasoning is based on unless the gold price goes up and is sustainably over the $1600 aus level there just isn't much financial support for funding start up gold miners, plus as we get closer to Christmas there just won't be as much interest to start any big deals by a lot of companies, once the new year is started I believe that will change

bottom line is that apart from pfs likely to come out sometime this year I don't think there will be much news to be released from the company

I really do hope that I am wrong and that they do some kind of deal to get mining off the ground ( finance, j/v, maybe merger with current gold producer , etc. ) , I just don't it's likely ( the gold sector is too much on the nose at the moment )

the upside as far as i'm concerned is that I believe next year the gold price will trend much higher and the gold mining sector will come back into favour , big time!!, then we'll see some action


cag