S2R 1.23% 8.0¢ s2 resources ltd

No I do disagree with you strongly on that Red - $100 per ounce...

  1. 690 Posts.
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    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.
 
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