The recent sell-off seems to have finished for now...but not many buyers about yet either.
mmmm...how to work out fair value?
Gold processing of tailings commenced at the Bamboo Creek Processing Plant in mid January...only 5000 tonnes @ 1.8g/t will be treated initially....so not too much to get excited about.
However, after treatment of these "tailings" has been completed, HAO said they were going to immediately process ore from the Bulletin orebody...so I would be expecting an announcement to this effect shortly.
Given the type and extent of the recent high grade intersections at Bulletin, one would expect a multiplying effect on the size of the in ground resource...so perhaps it would be a good idea for HAO to let us know just how much!
I guess the exciting thing about Bulletin, is that with processing of ore about to commence, any increase in the size of the resource will quickly find it's way to the bottom line. The resource is still open to the east and west...with intercepts apparently getting better the further west they go.
Would be nice to hear how their other prospects are going such as; Mickeys Find, Cookes Hill (which is adjacent to De-Grey's Turner River), Daltons JV, Wellington Springs, etc, etc...
Cheers!
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