re: running hot again question
I think they're clearly trying to talk up the potential of getting mining started in the near term, but in this market i really doubt it. They really need to prove up significantly more ore before the project goes to feasilibility stage, which i do think is likely, but in such a tight input market the lead times on mining and milling equipment is huge. If they ordered a SAG mill today they're looking at delivery in mid 2008. Still, i think there is some decent upside in the near term on news of a resource upgrade.
MLS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
