RE: ECR stated17 Oct 2025 13:42
It's great to see the 'tag-team' struggling with this. The few ID's are getting very 'thin'....
Given the price of gold movement over the last few weeks and the outlook for that, It really is very hard to argue against the two low-cost alluvial resources.
That is made even more difficult by the clean gravity recovery route applicable to Blue Mountain. It is a very neat, environmentally friendly and high-yield process. This is not the case for so many producers with their massive plant, crushing circuits, leach-pads etc etc
Then you have the moaning about management paying themselves in shares. But you do not have to be Einstein to work out that this makes them all very keen to get the SP much higher than it is today.
Once producing revenue a MCap of double today's would surely still be cheap as chip... so two bag then? ... more?
Add in great results from Lolworth perhaps... what then?
A JV at Creswick with no cost, added benefit of tax loss to use, discovery hard rock sourc(s) at BM, .... this is not staying at £6 million
They have not mentioned any intention of deeper drilling at Balieston... too much going on. But with all that cash and Southern Cross's results next door.... anyway, let's get into production first.