From the survey and company presentation Mt Barrett seems to have excellent prospect. It seem MD does not have any skill what so ever to execute a Mining Project. He was director of ORO earlier.
But may be my view too pessimistic. PEN managing Director, Gus Simpson was previously in Olive Oil Business and had probably no clue that Uranium is radioactive or not before moving to PEN. But he has transformed the PEN from penny dreadful to a good company.
Let us give these guys some time and see if they deliver some things. Benefit of doubt MUST be given until they prove otherwise.
DMN Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held