Hey guys, I like the look of IAU. My main concern though is the mine life at Paulsen's. From my interpretation of the technical report a couple of months ago, the remaining resource (measured, inferred and indicated)was around 150,000 ounces (well down on the Dec '07 estimate). At current production rates only about only two years left? I know the resource is hopefully going to be upgraded, but that worried me a little.
The sale of Casposo means that their only other asset is Tujuh Bukit which although looks a very promising project, is no where near production. Anyhow, my research is pretty limited at the moment, so any feedback is welcome. Thanks,
IAU Price at posting:
29.0¢ Sentiment: Hold Disclosure: Not Held
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