For starters we are not just a pure explorer, we do have development happening right now. This development is firstly going to be used for access to enable underground drilling and then haulage for production.
This is one of the highest grade mines at present and is every gold miners dream. Indicated resource of 1.04 moz @11.4gt with a total resource of 2.41moz @ 10gt.
Have you taken into consideration in your valuation that there is 28km of underground development which is worth hundreds of millions already in place that is in close proximity to the ore bodies.
Cash balance $150 million at the end last quarter.
PFS is due next quarter which is next week.
l will let the PFS do the talking but l am very confident that it will prove that this mine will be a high grade low cost mine with very high profit margins.
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