Yep agree. My LOM AISC estimates for Matilda project fluctuate...

Yep agree. My LOM AISC estimates for Matilda project fluctuate between ~1400-1600. Even at the lower end i have this as overvalued, and at the upper end not worth much at all at current GP. In my view this is a short term pump that is just about near an end, unless GP can take off (which to be fair, looks very feasible). The stock is chocker block full of retail punters, jumping in on results that are in no way indicative of the full mine plan economics. A skeptic might suggest that this strategy was required to re-capitalise the company when it was on it's knees last year. Once those FY19 stripping costs start to hit and they are cashflow negative for a few months or qtrs, watch that hot money evaporate. There will no doubt be some high beta funds ready to pick up the pieces for a throw at the stumps, but not that today's prices, and not without more proof. I just cant see how this stock trades higher (other than temporary spikes) without institutional buying.