That's one thing they've never told us is what the gold resource...

That's one thing they've never told us is what the gold resource looks like.

If it's good grades ( a quick search brings up old mining records) then the sale of this during strip could (I say could) be used to pay off any debt funding quicker.

For discussion sake lets say they recovered 25% of the LOM annual gold production at Bounty, so around 25000 oz's at a price of AUD$1650/oz (could be a lot lot less) that's $41m.

Yes there will probably be a CR but I do think the debt funding costs are somewhat hedged by the gold in the ground and payback could well be quicker than the 3 years.

AIMHO, DYOR.

I'm still.learning and happy to be corrected by the long term experienced analysts out there, just be gentle.

Long term holder of a core amount.

Now buying and selling on dips and spikes.