Its not bad news, but I was expecting a bigger lift in reserves given the higher gold price and 15 months worth of drilling since the last update.
Oh well... back to waiting for the next couple of quarterlies and seeing if they can finally start throwing off some serious free cashflow to rekindle investor belief that of those 350k ounces of reserves left to mine that there will be some dollars per ounce also going into investors pockets...
Or are all those revenues just going to be burned up on capex and opex until the resource is depleted along with shareholders capital?
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Its not bad news, but I was expecting a bigger lift in reserves...
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Dusko Ljubojevic, MD
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