Don't drop your pants yet guys.
Lets recalc that EV - 8 mill cap & 6 mill cash - but 5 mill cash already allocated to the new venture so EV of the company (including the new venture) is 7 mill. A bit different to what the rampers say.
For that 5 mill you get 25% of a goldie in Peru which shows narrow veins at outcrop (1m approx) Yikes !!
That is a mighty expensive bunch of veins, but yes I acknowledge the potential.
You also get a bunch of oilers who have been waiting for months to get some money back - quite a bit of downside there.
IMO you could be able to buy here sub raise before they put the first hole in - then it is Sydney or the bush.
Cheers - DYOR but note my sentiment.
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Don't drop your pants yet guys. Lets recalc that EV - 8 mill cap...
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