With some good news, easy to see this market cap double or tripple during the course of the year as it has been severely beaten up.
Triggers I reckon that could provide some upward impetus near-term are:
- Mt Cecelia being granted as native title issues must be coming to a close after 15 odd months OR, even better, Rio makes a pitch for it as they have ground surrounding it.
- Uplift in gold processed last quarter in SA and improvement in cashflow
- Confirmation permits get issues which ups cashflow towards the end of the first quarter onwards
- Mining right by mid-year will be the cream and cherry on top to get re-rating underway
