Couldn't agree more Navygulf, Mt Mulligan whilst could be a big value project, requires a few years of exploration and permits e.t.c plus a capex that is out of Mantle's reach.
Whereas the headline of the latest Quarterly screamed GOLD! GOLD! GOLD!
Gold now sitting at AuD$1650. That is now AuD$350 more than when IK and the board deceided to spend their last dollar on acquiring Norton. So think of a profit margin of $400-500 per ounce.
And the quarterly did remind us that they have three gold mines in Queensland.
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