The Bod have skin in the game there was material buy at 25 cents any choice they make is driven to create value for themselves. GL1 was a great deal from the initial 13 M we made roughly 30 M in cash + 20 M cash outstanding and 20% FC in Manna. As for the strip ratio the geometry of the pit allow the first 90,000 ounces to be at surface and a staged approach which bring you progressively to the UG. There is no heavy capex pre strip works to access the first ounce. IF the strip ratio was 3:1 and all the 1,7 M contained in a open pit we were taking of a half billion MC.
BRB Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held