According to the Q, it is difficult to understand the nuggety style geology until they start a pilot open pit. Either they find a uniform grades or they don't. Lets see what happens when they start the open pit. The consolation is that open pit have lower cost of production and in this climate of rapidly falling gold price, this is the only defense for the market cap. Have a look at some of the other mid caps for a taste of what happens when the market suddenly realise the C1 cost goes up! No amount of clever accounting can camouflage the results.
ORS Price at posting:
10.7¢ Sentiment: LT Buy Disclosure: Held
