good points by roundtable however i can't see $70m for a 150,000...

good points by roundtable however i can't see $70m for a 150,000 tpa plant. Even if the intial liberation and regrind have work indices harder than your mother in law's heart, power cost pales into insignificance in realtion to the fixed labour and contractor costs.

Well promoted companies with exploration and product upside should be priced according to expectations of future earnings. I understand there's a bit more upside on the exploration front for NWR and opportunity for some less complex ore assemblages.

what we need are some more ounces that are closer in metallurgical character to the mosquito creek hosted deposits of wedgetail (millenium now) except with grade. I see the blue spec shear zone as a good hunting ground.