Bruce first lets see them prove up the numbers. Trial mine results will help. Then lets see how many more ounces are added by the time they get to full production to give us a better idea on mine life. Underground mining studies will be very helpful as well considering that may be where most of the exploration upside exists.
The way the mid caps are behaving today makes me think the POG was pushed lower this morning for someone to buy the producers. Maybe we wake up to a strong bounce in POG tomorrow?
SBM up 11%, PRU 12.6%, KCN 6%, AQG 5.6%, SLR 5.7%, RRL 5.8%, SAR 12%. Strangely NCM is down. Maybe some rotation out of that one into the mid caps?
ann: annual report, page-43
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