The company trades on 0.45x P/B. Sitting on all of that golf...

The company trades on 0.45x P/B. Sitting on all of that golf reserve is doing nothing for the shares. I agree with the poster above that some small dividend would be welcomed, but so would be steady and recurring buybacks. Buying back sends a powerful signal to the market that the company at least has some understanding of valuation. Being one of the cheapest mining stocks globally is no badge of honour, it's actually quite the opposite. Trading on such a low multiple shows how little the market thinks of this current management team. The AISC were a disappointment, but I agree the progress made on Tigerway decline is helpful. But asking investors to wait a few years for that project to complete could be a bridge too far. In the meantime, steady dividends and meaningful buybacks are the path the company should take to rewards long term shareholders who have suffered an inordinate amount of pain over the last year.