I stil have a bunch stashed away in the bottom drawer of my SMSF
This project is tricky to get going without wiping out shareholders with dilution. The old J/V approach didnt stack up
Timing is everything in this game. I am quite happy to sit and wait. the gold doesnt go away. They either dewater and get the drill rig underground to better define the resource so they have more confidence or they go ahead with a decline as they have suggested
Whatever they do they will need more cash, and I am happy to chip in if they rattle the tin. Risk/return excellent still at todays price.
NWR Price at posting:
6.6¢ Sentiment: LT Buy Disclosure: Held