im baffled...tasmania approves a$50m barnes hi

Still baffles me to why Proto's SP is still under 20c.

Just with Barnes Hill alone Proto's SP should be trading between 15c-20c and we still have Proto's other assets and technology.

Im also expecting project financing for Barnes Hill to follow in quick time. Andrew Mortimer will keep striking while the iron is hot.

A company called Direct Nickel, another nickel laterite technology company (who use nitric acid!!!) will be listing on the ASX soon with a pre-money valuation of $80 million compared to Proto's $18 million.

Im expecting PRW's SP to wake up soon and start truley reflecting with its SP just what Proto have managed to achieve in Barnes Hill.


Following is part of an article from the following link....

http://www.miningweekly.com/article/tasmania-approves-a50m-barnes-hill-project-2011-07-21


Tasmanian Energy and Resources Minister Bryan Green said that the feasibility study for the Barnes Hill project was due within the next few weeks, adding that the development proposal including a mine plan had already been completed, and was ready for submission as part of the companys approval documentation.

The Barnes Hill project was slated to start mining in early 2013, with a potential 26-year life-of-mine, at a production rate of 250 000 t/y