Much of the work needed to get to a final production decision can be encompassed within the pilot plant, plus additional derisking, plus likely some positive cashflow, plus more resource definition. Plus the current studies all have the POG in at a much lower price than current market. On a side note, if anyone here thinks they are smarter than Dundee Corporation when it comes to heap leaching or Hedley at Lion when it comes to analysis of economic deposits I would say to you good luck my friend. I don't think many people understand the benefit that comes with the quality and depth of the major holders on this register. I've spoken with Ian recently (for the first time) and came away with the impression that he is a consumate professional. I do not think we could be in safer hands, or with better management to maximise shareholder value.
STN Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
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