not looking flash here, page-3

The problem with the Co is very much the uncertainty. Its very easy to position ones self now for a short term profit post the march twenty something deadline.

Scenario 1- The company loses RIO's support

The price drops down to the historical low of 2c and I'm happily picking them up as they have enough cash to continue drilling hopefully around hole 15 where the intersects are on par with what Oz is getting at Khamsin and is pursuing.

After the doldrums of 2c the company announces a drilling campaign and the price rises. Or they have interest from other suitors i.e. OZ.

Scenario 2- Rio stays on.

Self explanatory.

I went through some of the reasons why i think this will happen in my STT competition entry. Rio has the least exposure of all the majors to Cu growth opportunities of all the majors and given how much they rely on IO i find it hard to call them a diversified miner. More like an IO company with some stuff on the side.

Either way it looks good medium to long term depending on what time periods you prescribe to these terms.