this is absolutely a fabulous company with good management team and the right project. We have AGO and OMH behind our back, and AGO can always take us over when time comes.
I always had a good view on this company since a year ago, and just wondering when to enter this stock. finally i decide to have long term holding on this stock, simply because number of factors.
1. The Namibian project is the key to the success for SRR. The DD completed and acquisition of the projects will take weeks.
2. The existing RC and diamond Core drilling on the Namibia tenements is already a Jorc compliance, is just come down to we need a proper engineering company to look at the historical data and interpreted, tick off for a Jorc standard reserves estimates. Then we can announce to the market.
3. The feasibility study on the project is due to start or maybe already start on the tenement itself. From the MD's view, We can adopt crushing and screening process on this project, therefore, the grade can easily lift to 42% above. we will try to achieve our goal by doubling the production rate by 2013....
All this three things will happen this quarter, the worst scenario gets delay for another month till April, as we all can see we all have a exciting months lies in front of us before the company gets fully re-rated.
We have Barramine drilling results from second quarter, the maiden Jorc for this tenement should not be too far away.
Good luck to all holders, please share your view here, will be mostly appreciated.
SRR Price at posting:
17.6¢ Sentiment: None Disclosure: Held
