Some of you guys with the traders hat on are looking way too deep into this.
The key takeaway from today's ann is the significant progressing in the development of the Jinkas South Lodes. This ann provides further clarity how to how it is evolving and it's thick and shallow! Exactly what we were aiming to achieve to improve on from the scoping study.
This should improve the reserves within the updated optimized pit design, head grades, lower strip ratio for first 5 years & subsequently improved economics!
The longs that bought today scored a bloody steal, paid a slight premium for such significant development within the prospect!
Fck the little pips to the SP, you could buy all the way to 9c and it'd still be really cheap.
Ann: New RC Drilling at KGP expands resource potential, page-13
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