There is no shortage of resources. However operating costs apparently came in higher than anticipated due to a significant proportion of the resources being at depth. They need to improve the near-surface tonnes to improve the overall economics of the project and have identified "several prospective areas on the Eastern limb of the Basin syncline" .
I would argue that the company is not guilty of ramping/misleading investors (though others surely will disagree). IMO these setbacks happen in the world of mining and is the risk that you take.
Investors may be wary, but there sure was no shortage of buyers on Friday. Needless to say it will be interesting to see who was buying and who was selling...
GLTA
with all due respect..., page-3
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