Possum - 100% correct. We are seeing a major re-rating here. The company is changing from an explorer to a soon to be producer. The dynamics of this company is great - great land holding very close to Kalgoolie, resource base approaching 5m oz with most of this open pit mining with low stripping ratio, debt free, tight shareholding and money in the back for the pre-feasibility study.
The only issue is the spend which the company moves. The Chairman needs to ensure that momentum is maintained the pre-feasibility study - lets hope its finished by early 2010.
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