We have got the final areal survey results due in the next week or 2. That will indeed determine where phase 4 drill holes go. We are really hoping for an extension to Cardinal's wonderful Namdini deposit just up the road from us into our land. If that is the case then we are sitting on something special.
We may also see a sale of our limestone project which could unlock serious value in these shares depending on the sale price. A year or 2 back they had it valued at $20m. Our market cap is currently $13m so do the math on how much our share price would benefit.
It's all ifs and buts but it always is on these speccy plays. I trust our management and our shares do definitely seem under valued at present but there is a lot of tax loss selling going on at this time of year. Look for a bounce back in the second half of the year IMO...
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- Ann: Gbane Project-Geophysical Survey Preliminary Data
Ann: Gbane Project-Geophysical Survey Preliminary Data, page-7
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