in the meantime there will be un updated JORC statement which should significantly increase the size of John Fardy as well as improve to measured a further substantial portion of the resource. On top of that there should , by then, be indicative assays from Peelwood which appears to be a similiar structure to JF. As the sp has been battered to bargain level (along with sooo many stocks in spec end) I cant see it staying here for long given the news flow and broker exposure that the stock is expecting in the next month or so. So if you hang around till the next cap raising you will be paying multiples of the current price imho, by which time they will be talking about trial mining etc, a much stronger position in which to go to the market and shareholders with cap in hand.
just my opinion
cheers
SSC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
