I'm not sure why some people are getting so upset by having to wait for Sugarzone to come online?
Current capacity of 0.35Mtpa is hardly going to tip the scales, would it not be better to preserve capital while studies are conducted, tailings storage is upgraded, (why the upgrade?) one could only assume that with the grades on offer at SZ and the ongoing drilling & exploration work on the tenemant that there is highly likely a significant increase in ore & processing available upon completion of studies and drilling.
Given the grades at SZ, personally rather see the company develop a bigger better SZ, it stands to reason that we have not heard much about this tenement because it's currently under the microscope, at least, I would have thought so given the potential of the mine.
time will tell whether I'm right or wrong there.
It'll be a shame to see you go Nick, I mean, geez, you're last post was a real eye opener, full of valuable information regurgitated off the internet with zero content of any use to anyone. bet the boss can't wait to have you back .....
Just because we have 500 mill to throw around doesn't mean we should turn everything on and go hell for leather, especially if there are improvements to be made at our flagship mines and whilst Goldmans and the likes are throwing around numbers etc, myself I'm a bit of a contrarian and would prefer to see our core assets shored up first, there is no guarantee this recent rise in the gold price is a certainty, keeping a decent balance of petty cash maintained for distressed/strategic acquisitions in a downturn would be good management as far as I'm concerned. could communication improve, as with all aspects of mining and investing, well duh, of course it could improve.
from where I stand, stupid posts such as xxx is up this much today and xxx is down this much boo hoo poor me are utterly useless. try using that thing between you're ears for once and when you come back bring something useful to the table please.
VAU Price at posting:
45.8¢ Sentiment: Buy Disclosure: Held
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