I think there is negligible sovereign risk with TAFTA in place. Conditions in any settlement will be written into the judgement. I know reserves and resources are normally important, but I think 9 years is conservative for a company like this given the location in the gold belt, the entire gold field to explore, and very real first mover advantages, and then there is the prospect of an IPO.
Ann: Sydney Mining Club Presentation, page-53
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