Tying to make a case to invest in this stock, or would I be...

Tying to make a case to invest in this stock, or would I be better off continuing to invest in ABU, IDC and NST?

Like the resourse slightly over one mill oz and all in one location,inaddition, IMO from what I can see they have advanced the project well,looking to commence production 2014.
Shares on issue at approx 222mill is a further positive as is it's location being close to a regional centre, should help stop the capex from blowing out.

1,000,000 oz @ $1600 = 1.6bill in gold with a capex of 155mill sounds good to me so far. with it being open at depth adds some upside as does the chance that IMO there is a fair chance of an increase in the POG long term.

Possible red flags?

Funding the capex of $155mill, someone walks in and buys in on the cheap, the real returns will be on the production side.

Where is the water to run this project coming from?? Can they drill for it on site and if so will they find enough to run the production?

At around 3 cents seems like good value to be had LT. Just can help but think that no water.... no project.

Love to hear some feed back positive or otherwise.