I agree this looks like a high grade , high margin project in one of the greatest mining districts in Australian history.
I can't see the company ever becoming the producer thinking this will get taken over well before the need for a large Capex.
They may need a smaller CR in 12 months but it appears they have enough cash to get more drilling results to entice a partner looking for high grade pellets
CAP Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held