Hey Spec, most of their gold deposits were found well before they did the J/V with Goldfields. Sure, they have drilled them out (and I mean... there is nothing left to extend). Sure, they will add a bit to the mine life near the end, but.... Goldfields is in no hurry! I mean, its 10 years to go, before they even redesign the current pit.
I think they have known for a while that replicating their success, has been a lot harder than they thought. Anyway, I just feel they have not been under any real pressure to actually perform. All the $$ spent, is not sweated over, like others in the sector.
Nice rise for GOR, well deserved considering the cash build and future builds.
GOR Price at posting:
$1.34 Sentiment: Hold Disclosure: Not Held
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