Yes all dependent on gold price and stearing clear of underground resource initially.
Even View Resources could have been eventually operating profitably if they had been able to keep going. As long as NAV don't go in under-capitalised they will have a fair chance of succeeding given the synergy associated with their other deposit.
However, they need to be smarter than Views Management but it is going to be marginal in the longer term unless they can add to their reserves. Worth a punt though.
VRE Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
