Ann: Macy Scoping Study Update, page-23

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Snaganas

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21/08/18

13:56

Post #: 35064506
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Originally posted by dunny29 ↑

Isn't that the opportunity though if that is what's concerning investors?

If no further exploration targets are proved mineable (which I think is unlikely), then obviously further value adding here is through potential acquisitions (as has been mentioned in anns), considering the recent mining history in Nigeria and what management have achieved here I would back these guys in to find something quality, especially when considering the relationships and experience they clearly have.

If further exploration targets are proved/mined, we know its not going to take years for the company to be commercialising them.

I think there's every chance that both further mineable targets are proved and something is acquired in the next 12 months.

We all know the market conditions are terrible for several reasons (especially for specs and miners with metal prices being hit hard). It doesn't really matter what anyone thinks today, I think it matters what positions you have whenever this changes. Obviously the price here has fallen sharply of late, probably more than most, no denying that. Question is will, and if so when will it turn around?

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Picking the bottom is what I am looking at doing. I'm hoping we're nearly there, but I am patient . I agree, the fundamentals for the company are actually quite strong, but junior miners are finding the going hard currently, even stellar performers are showing somewhat muted gains.

Just waiting for the first container load to make it to sale and then it's game on IMO.

SL1 Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
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