they need to get Tom's gully up and running, but it's the permitting that has been delaying the process. Reserves are small, and the payback period is around 22 months from memory - not exactly a cashcow, but the gold price will have a positive impact on the NPV.
Exploration could assist keep market interest in the project, however it would incur shareholder dilution - cant have it both ways.
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1 | 10000 | 0.071 |
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1 | 200000 | 0.065 |
1 | 67231 | 0.063 |
Price($) | Vol. | No. |
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0.082 | 25517 | 2 |
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