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XAO

0.36%

8,022.7 all ordinaries

Was going to tip SRN but did a search and see you've tipped this...

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Hokusai

5,985 Posts.

338

30/07/18

14:54

Post #: 34626584
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Originally posted by Galba ↑

STTCOMP SRN, FA LONG
420.3m SOI
5.88m MC undiluted at .014
Cash ~2.2m
EV 3.6m!!

This thing should be trading at 2c plus on a bad day. And even more on a firing market! But alas I may be prematurely getting back in the ring too early. But V runners today has me emboldened.

CPS re-capped it, churned it, crunched it and gave themselves about 60m oppies with the accompanying 1.2c ENT offer (SRNOB) and there’s also contribs in the recap, so ultimately if they run this past 2c there’s a lot of cream.

- Established resource of 86Mt @0.42%V2O5 (at cut-off grade 0.3%V205) and currently diamond drilling for metallurgy and any high grade extensions
- Plus for those silver bulls.
Kooline Project - High-Grade Lead/Silver
The Kooline Project is centred 55 kilometres south of the Paulsen’s goldmine within the
Ashburton province of Western Australia. The project area tenements cover a total of 386
km², and more importantly, includes 48km of contiguously striking licences linking a number
of clusters of historic artisanal high-grade lead/silver workings

If it’s not now she’ll be running sometime soon. One for the radars guys and worth a look for those VRB bulls!

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Was going to tip SRN but did a search and see you've tipped this Vanadium play already!

ps the cash balance is $3.6m not $2.2m as per your post.

So EV is $1.4m at 1.2c

Well done. Good spot!

Last edited by Hokusai: 30/07/18

XAO Value at posting: 6,369.7
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