I really don't think that is correct Rabbit. These guys have had plenty of opportunity to be ruthless and they haven't taken them.
Let's be patient and wait for the scoping study to come out. The study should give us a good indication of the potential economics of the Colosseum project. It will be interesting to see what sort of mine life they get and what gold price they use for the study. I also would like to get a handle on the capital expenditure required, as usually these studies do not allow for potential improvements in capital outlay by say, buying used equipment or back ending some costs into a long term mining contract etc.
Scoping studies take time to put together and i am not surprised by the lack of announcements as there is nothing much to announce when these studies are underway.
DTR Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
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