1) the feasability of profit from production is still not certain. grades are not that great. assuming 8-10gpt thats just over a break even mark for most underground mines.
2) the company has advised that not much will be happening until early 2008. no new results from tubal or updates from the number crunching on eureka until then.
many punters are selling out to utilise their money elsewhere. i have. and im a long term holder. this happened once before on no news it drifted to mid 20s and i see this happening again.
i will reenter later this year at a lower price.
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