Re NR of 22nd September:
Looking at all the fancy-schmancy and yet further testing that Albany ore is now going to be examined with, I think it pretty much, if not completely, rules out any form of bought-out disposal of the pit.
Many posters have, naturally, considered the implications for our cash position, of a sale. I have said previously that although selling it would provide a lot of cash, the true value will only come when this fairly wide-ranging testing is completed. (Fate Knows when that will occur) and as per FD, when the 2015 PEA is updated with the higher values.
Then there surely must be more exploratory drilling at depth, which, if successful, and it probably will be, to improve the figures even more, giving an NPV of probably, at least, $3-4 billion).
Timing is of the greatest interest to the current generation of shareholders.
Live Very Very Long To Prosper. |
