I mean it is not very often that you get a micro cap spec...

I mean it is not very often that you get a micro cap spec that:

Is holding a potentially major, project in a resource that is one of the most sought after right now, not just because of speculative fever but because of long term fundamental supply issues, in a resource that happens to also be needed for nothing less than food supply...

In a proven major basin for the resource...

That had on it's board two directors who were involved in the foundation of two major world class Australian resource projects (OK, a point off for Hugh leaving - actually think that may have effected the price in the short term)...

In a country that has very low risk AND established infrastructure, and markets and potential take over bidders or partners, and a large market for the product AND short supply and high prices...

About to start trying to prove up a resource (that they already have some good idea about due to oil logs), that has the potential and signs of grades that are in the high end of the spectrum...

In a market where none other than five (in fact ALL of stocks that have anything at this stage) of the other players have had major moves in the past six months (oh, by that I mean STB, ELM, FMJ, AGR & RWD) and three of those are now in the multiple million market caps, two are close to 100 million even though at this stage they may have smaller resources (we don't know about FMJ) though one is in an extremely unstable country (STB), one exists in a good mining country (certainly not the most stable part of the world) that has very little infrastructure, and one (that rose more than tenfold in less than a month after IPO) has about five different parties owning it, and the general market has very little idea what they have...

And in a market that the worlds biggest miner was so keen on that they got kicked back trying to make their largest ever purchase trying to gain entry into it...

And yes, I fully agree there are risks, but for my money, as has been noted above by other posters, the potential rewards certainly outweigh the risks.

And you could lose ALL your money on it, or you could make alot.

But for what it is worth, I have looked at many specs in my time, and have not unearthed many that on the surface appear as good as this one.

(Not investment advice DYOR)