you are basically buying gold in the ground for less than 9aud in the ground + already in place, infrastructure + old CIL plant and potential to double the resource and production.
Again, my concern and main risk is not SA but funding this all.
They have the potential to double production to 150-200kpa in the latter years and PEA is 81% IRR on 1200usd Gold for 90kpa from two pits.
Upside is there, execution and capital is what is left...
You don't get a chance at x10 returns Spec if it was easy...
Take care bud
Ann: Independent Investment Research Report Released, page-235
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