read this ...looks good to me., page-4

In theory Hotcopper is meant to be a place where punters support each other by passing on information and ideas. In practice it works differently. The converted talk to the converted and attack a dissenting view. A lone voice putting forward an unpopular stock is attacked as a ramper, wether they are genuine or not. (There are plenty rampers on the site putting forward mindless babble and opinion without supporting evidence.)

Even taking this preamble into account I would take the risk of speaking on behalf of GUN. Not with mindless babble and opinion but with the evidence.

The resource has been found and measured. It is large and commercial supporting a 15 year mine life on existing known reserves. The resource is not far from a working port which is already half way to Asia where the customers are, lowering transport costs apprecialbly. The BFS is completed and a number of banks are offering financial support. The company is spoiled for choice in it's customers and is currently negotiating payments in advance to lower capex. The main product of the mine, zircon, is at record highs and Illuka has just gained a 25% increase on it's shipments for next year.

We are told unofficially, due to a bureaucratic blunder, that the GUN mine has been approved by the WA government removing the last barrier to the mine happening. It will happen. Apparently official approval will take two works. The engineering works are progressing on time and under budget! First production is expected April next year.

Independant broker reports predict that GUN will make tens of milions of dollars surplus in it's first year doubling after three years. Gun remains a possible takeover target from Illuka, perhaps more likely now that Illuka are having problems commissioning the Douglas deposit and may have customers with no product.

Compare these facts to Bemax and Adelaide resources, size of resource, cost of production and transport, location, time to production, number of shares on issue market cap, etcetera. On the facts GUN has to rate as outstanding opportunity to be substantially rerated. It cannot be 33 cents this time next year when it will be a month from first product.

For all these facts which are varifiable and not opinion I still run the risk of being called a ramper and some fool will come on the thread and state they prefer Adelaide Resources as a mineral sands play, without any supporting evidence.

Shakespeare said, 'good logic must give way to better logic.' Produce a better logic and I will listen.

In the probably vain hope of encouraging some rational discussion and giving people the heads up on GUN.

Regards,

Pagarsi