I'm not convinced that this can't be turned around. I see a lot...

I'm not convinced that this can't be turned around. I see a lot of value in their resource compared to market cap.

If this is really about bad management then surely this resource will be bought out by someone who can get the job done. It sounds like a few larger players are already sniffing around looking for partnership. If this resource was not economical, this wouldn't be happening.

The recovery rate is 95%. How can they be not making money?

How do you come to the conclusion that they are burning $1000 per oz specifically on tunelling? Is this just an assumption?

What is there current targeted production per annum? It sounds like they simply are not producing and fluffing around trying to get it right. While this doesn't put money in the coffers, it offers the chance that one day they might actually learn to know what they're doing, or pass it on to someone who does.

I dunno, I'm gonna keep an eye on this one because this could turn around if they get someone on board who knows what they're doing - or they figure it out for themselves.