Ann: 7.5m at 15.2g/t Au including 2.5m at 37.8g/t Au at M1 Sth, page-9

Ya, agree wholeheartedly, except for people calling the drop off in grades. The grades here are still high grade, the geology regionally and specifically tends to low cost mining (easily exploitable by gravity fed mining techniques). The grades are only missing the "1m @ 30+ g/t" component, and even these may resume at depth so it's an early call for people to be making those claims.

As we approach the Gross Resource Estimates, I'll be watching the Chi-X closely for soph/insto buying. I think today's tumble will be picked up tout suite by them. (No ASX -7.25, Chi-X -2.94).

This looks to me like a knee jerk reaction by retailers a.t.m. @nordesmic has stated the assumptions of 750 AISC 150k, I am personally confident that these are both understated. Combined with my personal opinion that the 12 mth old NPV is also WAY understated.... this is IMHO the last opportunity to get WAF at these prices until the new resource is stated in black 'n white in few weeks time; then further drilling and updated NPV next year for a second rerate.