Good to see Fatsoh - it's taken more time than thought. Spiritsong, its a very well advanced projects can be seen in their prev. announcements There was even a Westpac mandate for up to $42m in 2006. The CIL plant was designed, with cash margins approx. $324 per oz hedged at $AUS880. Now the AUS$ gold price is around AUS$1163. THE BFS and technical audit was also completed. That's a big increase.
The speculation is where the funds for the project start up will come from.
Cheap IMO.
Good to see Fatsoh - it's taken more time than thought....
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