MVL 12.5% 0.7¢ marvel gold limited

First Week: 14-17, page-6

  1. 443 Posts.
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    No problem and I agree GPX has some key milestones ahead - the mining licence and the deal with the Chinese investors. If they can achieve both in a reasonable time frame i.e. within 2016 then it should be reflected in a substantially higher SP. If we slip (or fail - god forbid) on either of these the SP will drop like a stone.

    On the positives, the company has a clear and achievable plan, experience in Tanzania, sufficient cash and an excellent MD in Phil Hoskings. Positive general exposure for the graphite sector, plus recent announcements like SYR's offtake deal with the Japanese can only help ("biggest graphite offtake contract in history"). The risk, beside the issues above, is the smaller size of the asset - they make this a virtue in their marketing, but the market may ultimately prefer projects with more scale. However GPX may grow the resource with more exploration.

    Plenty to ponder ! I'm a believer and best of luck to all.
 
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