re: Ann: Sienna Coal initial resource defined... Rabbit
The coal price has plummeted so this announcement does not add that much value at present, although it is a good announcement and gives added future value.
I am looking forward to another fall in the cash cost of production in the upcoming quarterly, perhaps down to $700. That would get the market to re rate NGF more favourably in comparison to SBM which also has a large gold deposit but has a much higher cash cost. If it is properly re-rated is should at least go to 20-25 cents in the short term, and gradually with the hedge out of the way much higher.
14.5 cents is a bit of a steal.
loki
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re: Ann: Sienna Coal initial resource defined... RabbitThe coal...
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