looking on the brighter side

  1. 14,240 Posts.
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    I've only just reread the Open briefing a bit more slowly and carefully.

    Actually imho Stafford tried to be open and forthright in the detailed discussion. Just a pity he hadn't been more upfront with the gist of it. Worth reading to get the balance.

    Also worth reading to get an idea where we might be heading. For what it's worth here's a few thoughts I dragged out of it:
    * Puthep. Not much said except that they were going to review leaching the chalcolite. Not sure whether that infers going slower and/or processing difficulties? Or is this just optimising economics?
    * Ban Houayxia. Says it's going so well they are going to expedite things by surveying etc before the study is complete.
    *Phonsavan Copper. Soon to commence a 2 year resource definition program. Presumably we should be watching this closely for an emerging project.
    *Ban Phonxai Prospect. Au/Cu anomaly. Sounds pretty enthusiastic, but I guess it's still a early stage long shot?

    We don't like unpleasant suprises, however there is a lot to look forward to in this half full glass.

    ....and....NO NET DEBT (aside from equipment leases of course).

    EL
 
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