I confess my profound ignorance on the subject of mine building but as a pub stool expert it seems to me that there is an extremely long, even unnecessarily long, process between the point where a viable resource has been identified and the mine building begins. How many more holes need to be drilled to establish a viable deposit? Companies bleed money until that mine begins to produce so that time interval should be absolutely minimal. How much risk should be minimised at the expense of delays? Is a less than optimal mine design producing money a year earlier such a bad idea? Can we finance this internally and get on with it? Borrowed money is so expensive and the lenders will ensure that any risk is ours. Let's go, we have all of the approvals. "We have the men, we have the ships, and we have the money too."
KGL Price at posting:
54.5¢ Sentiment: Buy Disclosure: Held
