re: Ann: Exploration Target For Lake Purdilla...
True enough, after listening through all the BRR interviews, they sound like they have been navigating the dangerous waters of the GFC and trying to get to a cash cow without too much dilution.
It was a shame to let go of the Gold deposit and the tech, but perhaps MUX will add value to the remaining holdings. Better than massive dilution, I think it was a shrewd move, and perhaps it shows their confidence in the IO projects.
Be interesting to see how the IO PFS stacks up against WA projects. Hard to imagine you can beat DSO grades materials with existing infrastructure for bulk tonnage. From what I hear though, WA is restricted by how much they can ship out, and paying the reps of the locals is not getting any cheaper.
I still have a lot to learn about IO industry.
Agreed, about the HK show, be interesting to be a fly on the wall. Good to get a feel for risk and growth appetite of the investors there also.
MEP Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
