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09:12
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Originally posted by InItEarly:
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1. Sure, but they have since made out like the MRE was going to be bigger - which meant they had a reasonable expectation post fires that they could put more on the table. They then delay the release of the MRE, allegedly to have an impact on European markets, which built expectations far beyond what they clearly could reasonably deliver. Sell off ensues.
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I agree with some of what you say, but the surface DSO is a high grade and very likely low AISC deposit which should require low capex. That means cash flow and less dilution. That's the path to value as it will let them explore the deeps for the feeder zone. How many ASX copper plays can say this is their near term plan? Whim creek is the lowest capex I can think of at 80-100m or kanmantoo extension. AW1 should come in well below that (but likely above the 25m Dave said).
(20min delay)