i hope so. LSA just went from 1.5c ($15mill mc) to 6c ($60mill...

i hope so. LSA just went from 1.5c ($15mill mc) to 6c ($60mill mc) in about a month on the back of a 60Mt coal acquisition. that is a good return in itself for nothing more than a single announcement about a purchase.

that would be like this going to 3c, even if you include ALL the outstanding oppies, although it seems likely to go higher in the short term as there are currently less shares in the equation. if they all get exercised then there would be some $13mill in the bank to spend, which would probably keep any further cap raisings down a bit on volume.

so in my head, a minimum return of 100% on a resource purchase, followed by plenty of scope for growth would be a very nice outcome.