They have to understand mine life is everything without replacing oz you have a declining asset, if you take 30,000 oz and only find 10-15,000oz that is what is happening. We know most of the div came from exercising the options early which is why they announced a special div. Management have to spend the bulk of their cash on increasing oz not buybacks and special divs otherwise the value here will slowly decline as the oz deplete.
The MC is $130 million because that is what’s left to take out at this stage.
Exploration success changes that, that success comes from more money being spent finding it or acquiring it.
It’s a good a good project and has advanced in the last few years people should be patient.
They have to understand mine life is everything without...
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