elzeThanks.You are right - lots of cheap goldies. It is just...

elze

Thanks.

You are right - lots of cheap goldies. It is just that this one looks extra cheap, but there could be good reasons for that.

I am not too worried about them not paying a dividend for the next 18 months. I want them to find lots of soft ore at higher grade to feed the mill and then we will have a money machine (which I understand the govt will tax more as well).

Imagine if they could feed the mill soft ore at say 1.8 grams per tonne, at the rate of 6mtpa (which is what they say is their capacity). At a gold recovery rate of 92% they would be producing 320k ounces pa.

Plenty of tenements to explore and BSR is nearby (sort of) ready to be picked up on the cheap.

loki