Hi all
After reading through the broker report from 11/11/09 and asx announcements. I have come to the conclusion that this has to be one of the best prospects on the asx over the short medium and longer term. There is an element of sovereign risk. However, jorc inferred/indicated resources, a mine in place though it needs to be refurbished, a large number of projects on the cards and an sp circa cap raising all bodes well for a great 6 - 12 months ahead. With production targeted for 10/11 I doubt rudd's tax will have any impact one way or another as this company will not have production costs exceeding $400 per ounce in a country screaming out for investment (I read $300 but thought I would be conservative). Anyway guys I am in the process of closing out a few positions and going long on sbl.
PGamble
Hi allAfter reading through the broker report from 11/11/09 and...
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