Guys I may be the only one who thinks this but I'm more than happy with this announcement. Although there's only around a quarter of a million ounces that is JORC compliant, it's at 5.6grams a tonne!!! What I've been hearing on the grapevine is now adding up. C3 costs at around AUD$600 is a real reality. With a good exchange rate with the USD at the moment, this is some serious margins we are looking at from Juruena, even with the depressed Gold price. I think management's idea of a small start up mine and then ramp up is spot on. I'm positive.
CAS Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
