Considering this is the same top 20 as HWK , I wouldn't get too...

Considering this is the same top 20 as HWK , I wouldn't get too excited about hardcastles appointment. They are probably just mates (Cranston / hardcastle).

Had a look at his LinkedIn - both him and Cranston studied law at University of Western Australia - probably confirms the above.

I like the sneaky gold bug reference. Now, to show a couple of comparisons (without cross promoting too much):

DDD - m/c 10 mill - 740,000 ounces ( near surface) - granted in Haiti. 1 mill cash
PGO (Cranston large s/h) - 24 mill m/c- 1.5 million ounces with 3 mill cash
NML- 17 mill m/c - next door to one of the largest and most profitable mines in the world, major s/h - Kirkland gold. Multiple high grade hits and JV with CYL.
CLY - 18 mill m/c. Historical high grade tenements. 1 mill cash.

The list goes on. So from a pure gold perspective, I'm not too impressed - granted my knowledge of this tenement isn't like @john345 and yes they are great vendors (if they do their DD).

You have to remember the Austrian licenses they missed out were touted as the next EUC - and still could be with the 172 remaining licenses - but would be a fluke if they hit anything straight up.

PS - on a pure heads perspective it looks like a low vol retrace - if this were the case though, people would realise and wouldn't dump the oppies.