Is this the ASX's cheapest gold developer?, page-71

There's always risks investing in gold juniors. You can have a nice shiny feasibility study but you still have to hit those targets in the real world just ask GCY and BLK.

catalyts are

- updated BFS
- Mt Joel Resource Estimate then reserves

- finance approved
- project go ahead
- project under budget
- mining ramp up smooth and as per feasibility study or better.

Downside

- more delays
- issues with finance (personally I think it shouldn't be a problem)
- technical problems refurbishing mill
- mining / processing issues
- lower then expected grade