https://news.mb.com.ph/2018/02/09/duterte-orders-bombing-of-open-pit-mines-that-defy-govt-ban/
Not sure but this article doesn't give me confidence that things will improve in the pines in the short term. Until the loony tune is ousted in a bit over three years, IMO, we will be in limbo until then.
Australian operations however are taking shape. Future SP increase will depend on the cost of gold production. Looking at last Q cash flow report there should be an estimated A$26.5 mil spend this quarter (taking out the A$1.2 mil for Siana) Adding back a mil or so for depreciation and amortisation, I recon ASIC for this Q will be around A$1375 per oz of gold. If POG holds at around $1700 per oz this should give us a A$6 mil + profit for the Q.
Ann: Intention to make Takeover Bid for Bullseye Mining Limited, page-23
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