That’s good Boz because no matter how well they do in filling up the current plant from RoD and MStar upper, at current grades, that level of potential profit won’t vastly move the SP due to shares on issue.
It will have an initial impact but the small profit (in ASX terms) won’t sustain it over medium term. A funded plan to expand the plant to 500,000tpy and the grade into the plant by ore sorting and a newly drilled mine would do the trick.
Finding a new mine is actually easier than people think. Seeing as TDV says they have started the regional review I will start a new discussion on that now.
Krum
Krum
