Yes it does sound long and expensive. But if you read the report for the capital raising, the consultants did point out the obvious red flag that the terrain is rough and rugged so there is cost and time to do all the necessary site works before more drilling can take place. And I believe this was all priced in to the yardstick valuation.
So I'm not surprised by the length of time and this looks like it is all factored in by the announcement IMHO.
Anyways, time will tell. I'm betting on Bill delivering the goods now that he has been upfront about it.
DYOR
Ann: Sulphur Springs Project Update, page-46
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add DVP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.11 |
Change
0.060(2.93%) |
Mkt cap ! $526.4M | |||
| Open | High | Low | Value | Volume |
| $2.06 | $2.11 | $2.01 | $690.0K | 333.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 12722 | $2.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.11 | 14068 | 10 |
View Market Depth
| Last trade - 13.15pm 21/08/2024 (20 minute delay) ? |
| DVP (ASX) Chart |