The Musgrave project is certainly very interesting. I think, and that's why I expressed the same view a few weeks ago, that STZ did not have the $$ to explore there themselves. They cannot allow to spread themselves too thinly noting the sp and their current market cap. A cap raising in the near future (at current sp) would not be good for us IMHO, and it is going to take some time before we know if there is any gold on STZ ground. I also think that management have a lot of confidence in their Myszkow project. This was the impression I got during the AGM. I am now waiting for the market to realise the following: - That the Myszkow project is an excellent project; and - That STZ is BDR neighbour. The above are not reflected in the sp at all, although, I believe, it will happen sooner or later. Although I am counting on STZ being able to ensure its own success (and, hence, my own as a shareholder), a few more good hits by BDR or other STZ neighbours (BHP etc.) also has a good potential to help us. So, other than the sp, things are looking great!
STZ Price at posting:
5.3¢ Sentiment: LT Buy Disclosure: Held
