Current ValuationsAlmost unfathomable that we are trading at current levels. We have de-risked this story where there's nothing much left. It seems that almost all the de-risking that we have accomplished in the last two years was for nothing. We are back at valuations when gold was trading at $1100/oz.
So what has changed since two years ago? Management. We have two of the three things to make money in the resource sector. Great story, Cash and Management. We simply don't have first class management that has street credit along with ears of current and supportive institutional investor class. Current managment has ignored long standing shareholders and continue to alienate new shareholders. Unless we have top class management in place, we will never achieve fair valuation in this market.