Yeah I'm pretty sceptical of Gnaweeda at the moment as well. I don't think it is going to be the saviour of Andy Well operations. Andy Well only has a small mill so low grade material isn't going to help a lot. Current inferred resource is only 1.8g/t at Gnaweeda, although I assume this will be upgraded based on some of the more recent drilling results.
Still not a lot of clarity around Deflector either. I was hoping it would come in the last quarterly but still none the wiser really.
Near impossible to value the company at the moment. Assumptions on assumptions.
No idea what Hunter Hall think of everything that is going on. If it invalidates their original investment assumptions then you'd have to think they will be a seller (if they can).
DRM Price at posting:
35.0¢ Sentiment: None Disclosure: Not Held
