It would hardly be tragic if it were delayed again. The norm for bringing a mine into production is DELAYS. There are simply alot of moving pieces. IF there's a delay I look at it from the perspective of: management quality; nature of delay, ie. foreseen, then why didn't management see it? not seen, pity, and; sp impact, traded accordingly.
Linked below is a bit of valuing a producing miner. Spoiler Alert, throw out P/E as a useful metric here:
www.bnn.ca/video/jim-huang-discusses-p-e-ratios-on-gold-stocks~951232
OV
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