It's pretty hard to extract gold when they don't have access to the ore body. It's absurd to claim that one can deduce that the gold isn't there just because they've been slow to drive along the strike. 146 kilometres of drilling has provided solid evidence that the gold is there. You have to look ahead, not obsess about past disappointments.
I've not seen a gold mining company with better prospects for long-term, low-risk growth. They expect free cash flow equal to 75% of market cap for the next 20 or 30 years, without exploration upside or POG increase. Show me another gold miner with prospects like that.
Are you aware that most major gold miners are not making ANY free cash flow at the moment, even in these boom conditions?
Check this out...
http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=91040&sn=Detail#
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