I've held and not held this stock over the past 5 years, being burnt the last time I decided to 'divest'. Just felt there was better on offer elsewhere. That said, I still follow STN due to it's unique nature. My first concern is the cost of a pilot project ... more dilution but more so, the $270m capital required to get this up and running (IB said this in an interview a couple of years ago) contingent upon pilot heap leach de-risking the project. I only see STN as a takeover target now. I think the pursuit of the West Wyalong project mentioned above, was and or is, an uneccesary and capital consuming distraction. Hope I am wrong on both counts. I don't doubt IB's competence and integrity so hopefully that is the case. Good luck to all holders.
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