Strengths:
Very high-grade @11.9 g/t
Underexplored - long history of mining with good recoveries
Early drilling success (added 33k oz to indicated in first drill campaign)
Juicy and logical near-term targets (drilling underway Feb 17)
Scoping study completed - can fast track to DFS.
Small CIP/CIP plant needed (good because it is very remote and labour/transport costs high)
Funded through to mining decision
Experienced management (but who can tell from a CV if they are good?)
Weaknesses:
Mine rehabilitation could be harder than expected as in very poor condition.
Weak hanging wall, leading to increased extraction costs??
Fairly priced on current mine plan.
