some good results in todays announcement. also a lot of 1m...

some good results in todays announcement. also a lot of 1m results of fairly ho hum grade. in the end, one will have to allow the company to provide the tonnage and the grade.

lucky that the company got a good price for a decent sized placement, before the slump.

in the reports, they mention about 400,000 oz at a grade of about 3.5 gm per tonne. not a bad starting point. keep in mind that companies tend to prove up enough resources to justify building a plant, and then hope that the cash flow will find more ore

is the stock a buy???? could be. but with a lot of shares on issue, and seeing that gold stocks do not seem to be doing all that well, and considering the number of shares on issue, then it is hard to say