Selling down is the wrong thing to do. The plant and development are worth $35 Mil. Eaglehawk was newly defined so obviously the value still exists. Burns about due. Accelerating the mining should see a lift to 1000-1500 ounces next quarter. The important thing is to be cash positive next quarter so dilution doesn't occur through capital raising. That said, should Burns look promising the need to advance it would take precedence. Still a medium term hold with any immediate spike on a more promising returned grade than 3oz/t, and it would have been a temporary blimp. Market value of the whole company is very very low. Unfortunate but it's behind us and a more promising future beckons.
ORS Price at posting:
3.5¢ Sentiment: Hold Disclosure: Held
