mining licence due, page-2

I have little doubt that this is about to all happen. The news flow is due either this week or next on the license front. I would be expecting the stock to move back into the 4c range and grow as the market gets comfortable about the production. This is a very simple mining operation and the management are veterans.
Base case of some $20m free cash flow for the next 12 months is amazing considering the market cap is only about $14m. It will earn more than its market cap pa without allowing for the other deposit and the other 28 targets. Looking like a multi-bagger this year and i cant wait to see what other projects they can pick up being the first miner to get serious there. The govt wanted to crank mining up there and SL1 is in the box set. dyor.