I don't disagree from a charting perspective, but not far off cash value & limited downside
But the talk of this being a company maker, based on proximity & nearology with ZERO drill results is just hope or people hoping to exit in the froth & bubble.
$6m in kitty for a green field...Hmmm. Lets see how far that goes.
Previous drilling results had better turn up some gold or we are going to commence drilling 'hoping' to find the mother load........just like the drilling in Opuwo
Might be able to leverage off others to reduce CAPEX...but first we need a mineable resource. Emphasis on mineable as sure as hell JORC means squat.
Failure in the Cobalt arena doesn't help management when they were touted to be 'experts' in this mineral.
Now they are 'experts' in gold???
CLA Lachlan Fold Belt Gold HOT HOT HOT, page-84
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