fantastic business , page-39

See it that way as well, current sp rise has 2 reasons, oversold and on the back of PoS.

But there is always a chance to get:
- a production update about the monthly / annual target rate achieved or getting closer to it

- resource increase / minelife increase

- another off-take agreement

- change in substantial holding and so on

- t/o approach, about 1.6 b shares ( incl.oppies ) x 6c
MC about 96m
if annual production at 1.5m oz x just AUD 10 profit at current sp and PoS, it will pay for itself in about 6 years

- imagine PoS at USD 50, production at 2m oz, profit margin at AUD 20 then a t/o even at 12c would make sense


Therefore there is always a high chance for a cracker anns as we hopefully have left the crappy ones behind us.