Another good example is AngloGold Ashantis Tropicana project.For 8 years they drilled the hell out of the land till it looked like gruyere cheese.Finally,this year they gave the developement the green light and estimated capex of $500,000,000.This figure has already been revised to $850,000,000. What I am saying is that none of these projects come to production overnite. ARH has already jumped all the hurdles except the financing,however this could happen this year or in 5 years.All the talk(and the dirt too)on this forum will not advance things a jot.In fact it makes sense to close down this forum till a deal is struck.
ARH Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held