Given how wary the consultants are these days of getting the number wrong its not a bad result. And the combined project resource numbers are getting up to 2.75m oz which is nothing to sneer at. I misinterpreted the reserve comment but thought it must have been the consultant as management usually dont like to state numbers beyond the consultants ones.
Its pretty positive in my mind, and this thing is way undervalued.
Given the large drill program continuing into year end the resource should continue to build. The brokers growth expectations of 4moz dont look unrealistic.
What is good about this project is its location near power and its metallurgy. In time it will come to the attention of a midcap.
AZX Price at posting:
45.4¢ Sentiment: Buy Disclosure: Held
