Nice to hear affirmations CUB - a lot of naysayers tipping bad tidings. I have dipped my toe in as I can see big upside if they do a few things right and have their fair share of luck. IMO, they need to get Nicholsons right and maximise group cash flow. Norseman is going to require ongoing capital for some time. If they blow their cash at bank and start reverting to debt without a really tight plan, bankable reserves and with continual underperformance at Halls Creek, they will inter themselves in the WA goldie graveyard and we'll all lose our shirt.
In summary, I am very pleased to have them drilling and shoring up reserves at this stage of the project. Will be pleased with confirmation that Halls Creek March quarter is close to 12000 oz with associated lower costs.
Ann: Appointment of Chairman, page-11
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