17c - bargain

Don't quite understand how people are being convinced to sell down at these values.

The company would still have close to $9m AUD despite all the drilling.

Mike Haynes has said they have about $4m AUD of gold stockpiled just waiting to be processed.

They've got a huge 1m oz deposit and looking to expand on it.

At 17c suggests a market value of about 28m. So almost 1/2 of this is backed up by liquid assets.

With the feasibility study for an open pit mine in the works along with further JORC compliant resources for the satelite projects this is a bargain!