RE:Good given the circumstancesAgree that the deal has to close to make a difference, but pretty unusual to publicly announce a commitment letter unless they're highly confident they'll close. (We all know what's happened with NSU when they didn't deliver on their promises).
Indicative terms are pretty good in my view. Good reaction by the market today. The $25m for Golden Hill is an indication that Taurus, the financier, is positive on the property and the money should accelerate the exploration.
$5 is still a long way off, but I like the slow, consistent upward trend. I'm not too concerned with Mimran's lack of purchases of late. He already has a large exposure and was stepping in when the price was low to help provide some support. That others are driving the price now is a big positive.