Hi Snail,In the previous downturn Ausdrill shares hit 6c. Same...

Hi Snail,

In the previous downturn Ausdrill shares hit 6c. Same as all mining service providers they tank when the markets off and skyrocket when things come good.
Sayers may or may not go to jail but it will make little difference to the goings on at Ausdrill, its more to do with when mining picks up.

I would not be surprised if un-minable ounces from a waste dump were added to an inferred numbers at SLR. Its common in the gold sector to do this. Most gold companies I have worked for do this so the mine life looks better.

If your looking for negatives I would break it down to real ones that make a difference. Debt that needs to be paid next year, cash position and continued weakness in the gold sector would be my picks.
Positives would be potential high grade ounces under the north of the current resource, possibility for the resource to sustain a 10 year mine life at a very high average grade and infrastructure and mine permits in place.
The up side to increasing the mine life past 10 years would be a very high possibility of a takeover in an improving gold market.

It may be mismanaged until the market recovers but thats not the game for big capital returns, its wether the ounces are under the north and can those ounces be added to the resource. Arguing over feasibility studies and management forgets where real value is made, quality ounces added to the resource. Goodluck

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