Besides other factors like geology, economic boom labour cost etc, grade is king. I don't know the strip ratio but if they can concentrate on better margins with the UG ore body, Pearl Cryodon can be left to a later date when we have more more stability and higher POG.
Who knows when the POG will resume its bullish rally but it is very much dependent upon our 2 bug northern neighbors US and EU. Yesterday's Draghi speech is setting back POG a bit with talk of more QE stimulus with anemic inflation and now lots of talk regarding Yellen's speech on US economic recovery.
A patience game with gold producers and if ORS can continue operations with some margin to keep going on then I see it as a win for every one.
ORS Price at posting:
5.0¢ Sentiment: LT Buy Disclosure: Held
