I totally understand the concerns people have, and share your financial pain.
With that said, I strongly recommend you guys take a look at the recent presentation. Around Juruena, the majors are all over it now, and the grades are fantastic. While the widths suck, worst case you get guys with drills chasing the veins, and it will be highly economic. And seems to get wider at depth, as the source gets approached. They are not looking to spend money drilling there, just for the sake of it.
At Borborema we should end the year with a bankable feasibility study. At that point the NPV of $100m becomes a lot more real, and expect third party financing to start to build.
What I like in mining companies are high grade (which we have in one site), substantial reserves, a funding plan (possible post BFS), support by major shareholders, which we kind of have with Coupolus, and quality management - which we have with Markus and now Vickerman on the board - an ex Rio exec.
For around US$15m market cap including AIM, we are getting quite a lot for our money.
But my finger nails sure have got shorter...
CAS Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
