RE: ot aaz17 Oct 2013 12:49
Hi jolly - thanks for the info. Yes, I've assumed that political risk is discounting the SP to a degree given the low MC against decent annual gold production would normally expect a considerably higher valuation. Also, sector utterly bombed out (which I like a lot). So there is a lot of value to be had as gold price is going ONE way long term - just my opinion.
The other thing I've noticed is grades are quite low (quite near cut off point) so don't see that as a big positive - your thoughts? Since the cash costs of extraction are quite low I guess this isn't really an issue? And that these are fairly shallow deposits? (Haven't read RNS's in detail yet)