If the EPS of 0.006 on the first stage (If grade is recovered as per the assumption above) that is 15% of the current SP. that’s good earnings in my book for zozero cost.
no doubt those holding loans or convertible notes will get their money out quick smart. Then a potential consolidation IMO?
coal still has some potential but price is not flash. But it’s an option.
Unless NTL strike some really good deposits I think the NZ prospect is a red herring. (I hold NTL also)
we are told the ML is imminent- although this company have been quite liberal with their adjectives to date
