Not sure what is not promising about good results in the quartz wash...this thing is grossly undervalued at the moment. With current gold price we are looking at profit of 80 million plus per annum. Lets not forget that last quarter was nullified by CRE acquisition and open pit development. The mount was also still in development phase. Get the open pits humming, some higher grade mix out of the mount and a few TI results and we are back to being well on the way. Talk of CRE cash costs being reduced to around 1000 surely bodes well for our share of profit.
I just don't understand why anyone would sell at the moment.
FML Price at posting:
5.8¢ Sentiment: Hold Disclosure: Held
