Looks like Andash construction will be delayed.
On the positive side at least there is some progress.
It also means any need for a capital raising is delayed until well after cash begins to flow from Burnakura and hopefully that means less dilution especially if very high grades continue to be received from the starter pit.
In the short term we have a scoping study to be released shortly on Jervois, drill results from Burnakura, commissioning of Burnakura and drilling at Gabanintha to look forward to. Andash is only one potential short term catalyst for the sp.
The scoping study on Jervois has the potential to re-rate us significantly as does further strong drill results from the Murchison.
Nothing changes for me. Too much good progress at home and still undervalued on assets at home without Andash.
As far as I am concerned, Andash remains a free option which is not priced in and one which continues to look likely to pay off strongly along with the Australian assets.
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