Ann: March Road Show Presentation, page-6

Bunawan is another cracker project of course. You can see from the previous holes that it is a big system. It shows all the early signs of a multi million ounce deposit but the main focus is in Mabilo coming online. They can drill Bunawan out when the cash flow starts from Mabilo.
The ECC should see the stock in the 70-80c range because it locks in the govt to approve the project.
As i have said before, the Bunawan lease was issued/ signed off by the same guy who signs the ECC. It took this management team only two months to get that lease as opposed to 5 years with previous management. That shows us that the ECC is about timing rather than getting issued. No sleep lost there and given that is fully lodged, i expect it soon. dyor