yes interesting response. whilst the announcement isn't...

yes interesting response. whilst the announcement isn't huge, an additional 28,000 oz at roughly $500 net recovery still equates to an additional $14m - thought this may have bumped price up to between 2.5c - 3c. certainly wouldn't have expected a decline in price with gold prices surging...

perhaps the market is waiting for the the positive feasibility results, as given the relatively low indicated gold investors are holding off until they know the operation is viable.

My understanding is that the historic feasibility analysis would now be viable based on current gold prices, and so any additional gold deposits determined through the current drilling phase just serves to strengthen the project (and return to investors). Anyone care to share their thoughts on this? perhaps I'm being a little bullish but reading to date is that successful feasibility study is expected, almost just a matter of procedure based on historical work (with the obvious forward looking statement clauses thrown in for good measure)