No I do disagree with you strongly on that Red - $100 per ounce has to be conservative.
Open pits, shallow resource, high per metre presence - nuggety, preliminary recovery analysis indicates easily treated oxide ore.
Gross margin might be significantly higher say $200+ per ounce but sentiment can be a "cow", share price doesnt necessarily have to reflect whats in the ground.
I dont think it will get all the way down to 14c by the way, the major shareholder probably wont let that happen.
S2R Price at posting:
27.3¢ Sentiment: Hold Disclosure: Held
