@Young gun 93 In answer to why this company is so progressed but...

@Young gun 93 In answer to why this company is so progressed but only has a MC of 130mil - the first thing to say is that it is not because of any problems or unusual risks. The project is economically sound and has been de-risked to the extent possible (IMO very low risk from here). I think the reason it only has a MC of 130mil is that it has never been a market darling and never viewed as a bonanza gold find, therefore it has never really seen any "excitement". Although very economic, grade and size/scale are pretty standard vanilla at the moment. However the reason for this is essentially management have decided to get into production with the existing resource first and then look to expand. Dave has said numerous times that he expects the company to be producing gold for decades. IMHO now is an excellent time to jump onboard as we should get a great re-rate this year as production draws closer and then no doubt a further rerate once resource and LOM get extended.