Market has given a negative value to Roseby because:
- The resources are uneconomic @) 0.5-0.6% grades
- They will do infill drilling (last ann) to have a resource statement uprgrade for another measly 70k cu at similar grades at the "copper discovery at Turkey - yes a turkey discovery
- therefore they will spend $s for jorc upgrade -- which will not add any value
- this kind of spending is no different to $$s spent on Little Eva NPV upgrade (through playing with costs) without any jorc upgrade
All IMO and I believe the market is not silly - it just yawned atthe turkey 'discovery' and believe that the residual $40m after distribution will just fritter away with no value added.
- Forums
- ASX - By Stock
- AOH
- Ann: Quarterly Reports - September 2014
Ann: Quarterly Reports - September 2014, page-6
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AOH (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online