evening maxxie,
Well your guess is as good as mine?
perhaps rather than looking at "whether" anything will be mined, perhaps look at cash on hand, whether more funds will need to be accessed soon? More cash via shareholders, means more dilution.....it just has to happen!!
I hear two drill rigs running at this time? Does not take all that much effort to reduce cash on hand?
Also what are the jorc announcements so far? Was it 100 thou oz? The larger figures (what ifs) announced in the asx announcements will take years to develop (imo)? IMO there will be near a $bil ++ shares on offer by then?...perhaps start to value the stock now?
I am not suggesting they have no gold up there, as I know they have! However it all comes back to how QUICK they can come up with a LARGE resource and how much it will COST them to do so.
But then again "who knows"?..lol..
Cheers and good investing/trading
Add to My Watchlist
What is My Watchlist?