15 months so far Galena72 and yet to be approaching the guidance...

15 months so far Galena72 and yet to be approaching the guidance of 5.7g/t average, and a lot of ground to make up. We've forked out 10s of millions extra to boot. So it probably owes us at least $240 million by now with the loan fee, interest on the loan, and lost interest from cash we would have held. Regardless of what happens in the future, the price and the share dilution we have suffered makes it a bad deal. Federation and Great Cobar are both standouts with total resource valued over $5 billion. The current share price would be easily 70c without Dragues.
I hope Galena72 that you are right about future extensions, and that Dragues might turn around. If it doesn't pay for itself in 5 years it will forever remain a bad buy in my book. So given we have 3 years 9 months to go to see that out, and need to get $240 million over the next 3 and 3/4 years, we need to start profiting by $64 million a year from it. That would be 64koz with $1000 an oz net margin. If it can't do that, it was a bad deal to begin with and forever remains a bad deal in my book. To date no extensional drilling is worth anything because the only decent grade wasn't long enough to warrant heading that way to get at it.
My other main criticism was the Board proceeding on its purchase without shareholder approval yet existing shareholders being diluted around 45%. That was a real kick in the guts as far as I'm concerned. I was in here for what I knew we had pre-Dragues. You'll note I had regularly posted on the value of the resources at Great Cobar, Federation, and Kairos. All outstanding and all would have pushed the share value over the $1 mark. In the meantime, we would have been collecting dividends. And by the way, one of the great copper results recently announced at Great Cobar was 5.4% and that was simply an infill at Anjea which had previously reported grades up to 6%. If I'm harsh, that's because shareholders have been treated harshly and so I make no apology.