opportunity or fallacy?

I've been bagging this stock all the way down. But I like this forum because there a lot of posters close to the action.

But -

Reading between the lines of all the deals and media, it looks like these guys think it might be possible, or is it just spin? I'm not going to buy in on it just yet, long out of AXM - actually made money by trading it eons back, believe it or not.

Does anyone believe it is possible? Is there any chance that this $27M clown show could turn into a $100M goer without being diluted the to the nth degree?

Is the EE parallel with SBM a possibility? Any silver (gold) lining on this dark cloud?

When I was a kid I threw a lot of coin at Croesus who took over the Norseman dog. They made it work and I sold at the top. However, they later sunk due to hedging arrangements. Cleaned up on SBM and the Sons of Gwalia deal as well.

Is this a chance for a repeat? I'm not sure at all - so interested to hear opinions to the contrary.

Once the dog is dead can the fleas take over? If someone stumps up a lot of spare change for exploration would that be worth buying in on? Because as far as I can see right now, the money people at hand would be looking in that direction.