Short reserve life? If they actually made this comment they’re pretty clueless. 8 years at Duketon is better than almost all other ASX listed gold stocks. Given the proximity of the three mills there is much better flexibility than others in processing too. So if Moolart Well ran out of reserves it can get ore from some of the good satellite operations well within trucking distance. Plus exploration has been excellent for the last two years.
Low price targets are nothing new though. A lot of them had targets around $1.50 when it was above $2 and the operations had clearly turned.
Ann: Regis Corporate Presentation - September 2017, page-13
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