Without arguing 'one way or the other' in the current discussion:
- there are also the drilling rigs operating on the new easterly decline. Last quarter they intersected some high grade gold.
- in general I feel the surface drilling should respond to the geophysics.
- if the $Aus750 million was earning a decent rate of interest it would not be such an issue (a job for the finance director).
But as M&A have recently resulted in the 'burning of wealth' (ref HT1) I am naturally cautious and am prepared to wait for the 'right' opportunity. HC42
OZL Price at posting:
$9.93 Sentiment: None Disclosure: Held