I took a little money off the table. I did over subscribe for the share placement so why not bank some/ You never go broke taking a profit. That said who could have predicted the gold price and we still have a 17m interval at Federation @ 34g/t including 6m @ 110g/t. Opinion only here but we sat on 38koz at the end of last quarter and FY guidance is 40-50koz. If by chance we repeat last quarter's 16koz we end up at 54koz FY. The extra 4koz @ $5000/oz AUD is $20 million extra above our maximum. Suddenly we are cash rich. Also we are supposedly now a base metal miner but last quarter we earned far more from gold, and when we mine the rich gold Fed interval, gold we shall remain.
But MinaPlaya, I have buckled down now for a free ride.
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