More inventory for more positive cashflow $$$$$$$$$
Put some more on the heap as per plan and that's $2m or so profit A MONTH or $20-25m per annum of free cashflow.
That underpins a valuation substantially higher than current without considering any of the other projects and associated ounces/prospects.
A pretty rare commodity is that of an undervalued explorer that has significant cash coming in meaning its not at the mercy of tapping the market and diluting shareholders to top up cash every 6 months. Love it.
Ann: White Dam Drilling Commenced, page-2
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