Wasn't it the poorly received scoping study last august that saw an immediate loss of 40% of the SP and a further gradual loss over the following months of another 40% ??
( so from $5 to $1, albeit some of the loss was the market risk off due to Phil's U turn on rates and the need to join the interest rate party)
- from memory, wasn't it poor grades and overly optimistic prices the market had the shits with?
That being the case and assuming some lessons were learned from that disaster, then this one's going to be text book stuff as regards an MRE and will reflect the lessons learned and the fact that this is a world class mine coming up.
I expect an absolute screamer in this risk back on environment!
Wazz
Wasn't it the poorly received scoping study last august that saw...
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