recent patts placement, page-4

Dont know J but that was the original plan, tho some in here think it may get upgraded with the recent upgrading of the iron ore plays (?). I think the trick here is to consider poss of a takeout by a major not wanting new players in the biz ahead of any start. Either way cant imagine 16 millmarket cap would do it justice if this is a goer. Thats more like the spec value for a modest U / energy explorer these days. Has a good "feel" to it. And PATTs clients must also feel same way. IMBOOC