Mr D
You are making a very good point - on one hand we are apparently inside 12 months of mining an initial open pit resource which is believed to generate ~15-20m in cash. BUT I am pretty sure that all assumptions are based on a A$1,700+ PoG. On the other hand we are still exploring the Feysville and Koongie projects and there is potentially massive upside just with these two.
So I think you are right: up until say May this year SP was 100% exploration drive; now PoG starts being a factor, in particular short term in the absence of other news.
EE.
Ann: Feysville Update, page-19
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