So they need a geologist for Dragues. Anyone else get the feeling it isn't even running at 3.9g/t which it was for a while. I see we started at an expected average grade of 5.7g/t and that has now become 5.1g/t. So a year in it continues to underperform. The thing is, if with gold at $2500/oz and copper and zinc massively over the budgeted prices, if we aren't banking millions it might be time to look at Clifford's position. I see the rhetoric about spending judiciously and getting value for shareholders, but that's just words. So far the evidence says the exact opposite. 64c a few months prior to Dragues announcement, dropping to high 40s prior to announcement and a SPP at 43c. Like I've always said, we sold a stake in Kairos, Federation and Great Cobar far too cheaply. Imagine us having $100 million in the bank, 860 million shares on issue, no debt, paying a dividend (which was board policy) continually increasing free cash and maybe even buying back shares, reporting the coarse grain gold interval, Great Cobar study released. What price under this scenario ...80c, $1, $1+ ???? Take your pick but there's no way we'd be trading anywhere near the 40s.
AMI Price at posting:
43.0¢ Sentiment: Hold Disclosure: Held
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