Ann: Heap Leach Potential at Murchison Project , page-5

re: Ann: Heap Leach Potential at Murchison Pr... A little difficult to put a value on the heap leach yet with more work to be done in the study but good to see they are targeting $500-550 cash costs.
I was allowing $600 but thought it might come in lower.
It is lower despite recoveries on average probably being a little below the 70% I was hoping for.

I think the sp may have reacted well today possibly because the market was placing very little value on the heap leach until seeing some significant results.
I think much more value will be added through the doubling of capacity of stage 3 and potentially high grade ore from Gab (stage 4).
I changed my sentiment from LT buy to buy when it dropped to 60c.
Looks like the market did the same.