RE: BEM16 May 2011 21:50
Good point. He is running the project with as little cash as he can get away with. It will payout well in a takeover. Accelerating the project plan and bringing in the test mining next year is going to wet the appetite. Perhaps the deliveries to customers are actually deliveries to prospective buyers?
It is annoying that the KN JORC delay is dragging. It is coming by the end of Q2, but I would like to see it this month or the start of the next. No missing of deadlines, that is unacceptable. Having slack deadlines is also annoying and adds uncertainty. It means this is a medium and long term play and leaves the short term open to volatility.