Looks to me pretty fair on the basis of high grade resources. Assuming they can get something like 75% conversion to metal in concentrate $1.00/lb.
Exploration upside, extension of infrastructure utilization and possibly utilization of the low grade resource all provide potential additional value imho.
Market doesn't seem to like, or is it only catching up on three days of sector drift?
Makes it a little more enticing to me, but not currently priced sufficiently attractively for me to add. Also the HY numbers really didn't inspire.
EL
WSA Price at posting:
$5.46 Sentiment: LT Buy Disclosure: Held
