Cheers Dr Who2 and best of luck with the Rover project - the NT is likely to yield some good projects over the coming years.
Your positive comments on Keith Wells are reassuring - it doesn't bother me too much that his spruiking skills aren't the greatest - as long as they continue to add value to the company that will do me.
I note that one director has purchased a couple of parcels of stock on market over the past month (one announced yesterday of 600k) so perhaps thats where some of your stock ended up.
I accept the comments on grade - however with the AUD gold price currently well above the price used in their studies, the cost of putting downside risk protection in place is reducing. With hedging in place they can mitigate to a reasonable extent the high cost/low margin aspect of the project. (Ideally any hedging would use put options for some or all of the hedge so that they can reap upside benefits while protecting against downside risk.)
TMX Price at posting:
7.1¢ Sentiment: Hold Disclosure: Held
