I thought the west African sale move was smart. Still retain a direct 20% interest plus 19% of the company. It would have been very hard to try and seriously develop both the West Australian and African properties at the same time.
This way the company is just applying its available funds to the most advanced project it has. They have managed the money they have and the exploration very carefullly and considering the weakening gold price, the go slow and careful approach is the best IMO.
Once they have defined the limits of Jennifer they can start work on resource calculations. Still room for growth within the current drill pattern IMO and potential for new ore faces to be explored.
If they can develop the tonnage this will stand out from peers in terms of grade. Esh
