SFR had about 70m shares on issue at the time and actually found something, and something really special too, in May 2009. The drilling results continued to impress during the following 12 months or so. The combination of little scrip being available plus super-impressive results saw the market cap rise substantially.
Ausmex has many more shares on issue and hasn't found anything of substance yet. The presence of an IOCG system at the Golden Mile is still purely speculative imo, notwithstanding the expert's report of 25/2 and the modelling report out today.
I'm watching with interest, but am not enticed enough by the IOCG chatter so as to buy as yet.
Ann: Golden Mile Continues to Deliver More High-Grade Gold, page-84
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