The junglle drums have been clearly indicating the the BFS was late for a reason and always going to be marginal at current capex/opex. My dissapointment surrounds the following:
no increase in resources despite "ramping" in articles etc such over the last 12 months.
cycnical release avoiding such unpleasant numbers such as NPV. By the time you do your own maths (mental arithmetic only)there doesn't seem to be more than $US40M NPV after tax left in the kitty. This assumes grid power so anyones guess as to where it drops on owner diesel power?
The only reason one would be in this stock is if you are a believer in higher gold prices and exploration potential of drilling/prospects not included. I am looking at this as a "gold bank" waiting for gold price take off. Hoping others predictions of 3M ounces by end of year comes to fruition.
PS Notice how poor primary recoveries are at Salman. Not much upside in that part of the woods.
good luck
ADU Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held