Ann: Maiden JORC Mineral Resource Estimate at Zackly Deposit, page-27

I do disagree that the CR will be well under market value. Sure they will get a discount, but the company now has leverage due to the fantastic results that have come out today and last December.

I agree, this is business, and if for some unknown reason they aren't able to negotiate a fair CR with the current major shareholders, somebody elsewhere is willing to pay for the shares at a fair price.

Todays results proved the true value that this company has (with much more unexplored land), and anyone with half a brain would be silly not to grab a CR at a discounted share price to that of the markets. In saying that, I don't think the current shareholders will be diluted by much at all.


On a side note, I don't think this can be regarded to as a true penny stock anymore. Sure the market cap is very low, however this isn't speculative anymore in my eyes. It has true/tangible value that any type of investor can realise.

This is all IMHO, and GLTAH.