U would think a million ozs resource with successful scoping study showing such GOOD numbers for such an advanced project would quickly attract a 20 mill market cap for starters in what appears to be a new upwave warming for POG?
Proximity to Martabe must also be a bonus ?
Am impressed by relatively low capex indicated for the planned initial 63,000 ozs pa if they can use equipment they cite. Likely cashlows from such at AUD 1000+ bucks an ounce margin coming up in 2009+ and PER 5 say would raise a few eyebrows even with a doubled share base say.
Am in at the lows and in for the long haul on core + trading parcel MO to reduce core holding cost to nil.
On technos, might quickly fill the small gaps to 3.0 or starters soon (???)
IMBOOC
ORP Price at posting:
2.4¢ Sentiment: LT Buy Disclosure: Held