Not a holder but watching with some interest. The drilling money...

Not a holder but watching with some interest. The drilling money is being spent on narrow vein stuff atm. This in my experience is a blind alley. It is the way of doom. Narrow vein is high cost and very unpredictable and unreliable. Most narrow vein miners go broke.
The Mt Hobbs stuff, though low grade are like Cadia, and that is also low grade, but one of the worlds most lucrative mines. It is cheap to process and little waste mined. That make about $1k profit an oz up at Cadia at the moment, at direct gold production price.
If they continue spending money on chasing wild geese in the form of narrow vein, high though some of the grades here and there may be in small quantities, I'll stay on the sidelines, bemused and a bit saddened. I will regard the management as temporarily lucky mugs who blew it when they had a real chance of making the big time on the Mt Hobbs etc.