re: exploration drilling
Initial dividend would be small. Say 3c in first half of 2008. AGM will be able to afford a small dividend so soon, unlike most companies who need to wait years. Reason- in the first 6months need to reesablish some working capital, probably pay for another mine decline, exploration at a ramped up rate, new offices, maybee another ball mill. But from then on its 2 payments of 10c per year!
AGM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held