Ann: Leonora Gold Project Update, page-82

What worries me is that the DFS third-party review has not held up well. What else in the DFS is below par?

Operating costs = ??
Process Plant Capital Estimates = issues
Execution plan = issues
Mineral Resources = ??
Metallurgical assumptions = ??

There are just too many questions hanging over the project now to make a rational investment decision. Financing is now a huge question mark as well. Just very risky overall.

Today's announcement is a huge step backwards I'm afraid. My gut tells me it will drift lower over the coming months and remain "undervalued" until the board and new MD (whoever that might be??) come up with a convincing plan and accurate costs.