Good pick up..once in production this couldl now put CGU ahead of some low profile junior producing explorers like ORS ...Which at higher share price ..around 10c may not generate same level of near term profitability..based on last ORS 5B.....Market not yet on to this potential low cost cash-flow story at current CGU price interest.You only have to do the numbers on what i believe couldl be around $700/ounce[based on current$A gp] net return,with higher grades, once operational issues clarified.So a share price of around 10c may not be unrealistic...once in production
cheers
CGU Price at posting:
3.2¢ Sentiment: Hold Disclosure: Held