I compare ROY to CHN say, similar stage of development for similar parameters / potential / sovereign risk etc .... yet CHN are 3 - 4 times ORP market cap .... COS THEY ARE ACTIVELY DOING A GLOBAL SHOW AND TELL preparing for the project funding stage, well in advance.
So yeah, u betcha, I have nightmares about a shark attack whilst we nap and it should be BOARD'S PRIORITY to pre-emptively protect by ensuring we are at FAIR VALUE NOW ....... But I dont see that happening atm.
If Blackwoods were smart they would be promoting it GLOBALLY themselves now to ensure quick move toward fair value.
Stock FV IMO should be 10c now looking for 30c on project funding/ production start circa 2011 and which would be a MORAL to achieve in this market .... modest requirement easily covered by part forward sales etc ..... I mean look at CAH, do u believe they are 130 mill market cap now when few months ago u wondered how they could get their sub 1 g/t resource into play. Financial engineering did it. Smart players with smart backers. Thats what we desperately need.
ORP too would be a 130 mill market cap in not too distant future with right moves taken now .... thats where I get my x3 x3 upside legs from at spot POG. And if POG doubled like some expect by 2011, we could add another x 4 to that on PER drivers !!!
I have no idea about credentials of current board but HOPING they know whats what in this shark-infested world and HOPE they will move up a notch in doing whats best for their shareholders.
Can't believe there hasnt been a sale today ! What would happen if someone wanted 30 mill shares (10% register) in a hurry? Maybe should check the piggy bank again haha.
CHEAPEST advanced emerging goldstock on the board by miles IMO. Probelm is no-one believes it .... or even knows about it ...... the silence is deafening !!!
IMBOOC
PS why dont they do a JV with the Malawi uranium ground arround PDN's new mine ? Can u imagine what that would do to the price ....... straight to double figures IMO. Again the silence is deafening. I havent included the uranium in above multiples drivers / targets mid term.
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