Ann: ORE RESERVE ESTIMATE AND POSITIVE PFS FOR COOLGARDIE PROJECT, page-16

but it's low risk, so i think you do it for sure... if the grades start falling wouldn't you know quick enough to staunch any bleeding? and the confidence in these shallow pits would be high i think

$16M FCF in about 2 years operation, is definitley worth it for a company capped as it is currently. if the POG reacts upwards or they find more gold to follow in the pits you are up and running and ready to capture the blue sky.... with the increment POG rises making the margin, the study used $1,600, so straight away it's currently higher, and has every chance of being between 1,650-1,700.... equities are risk reward, if they didn't do this project I'd be very disappointed in the appetite to chase profits

that a reasonable strategy? (have enjoyed your convo's on our old friend mt morgan, so interested in your take on this one)