The lowest skilled board in the mining industry, page-13

Cobar Consolidated Resources burnt me bad...... right up there with my davnet investment back in the dotcom boom...... I have always wondered when Wonawinta would pop up again. At least this time it's at the right time in the PM cycle to actually make some money.

I've had a rough glance over the books and I think they should have raised another $5-7mil to be safe. To ensure they can close out that full $14mil of US debt payments by April next year..... due in 3 qtrly installments starting later this year.
If My Boppy can produce the 22k ounces at an AISC of under $1300 then they'll be ok. But I feel it would be more prudent of management to hold off with a little of the planned exploration this qtr just so the confidence is there that they've got that steady rate of 1800 monthly ounces coming out of the plant..... as the last thing they'd want is to run low on cash early next year.
On what I've read in the prospectus in the current market I think there is value here (risk/reward) in the teen's (around IPO price)... I'll do some more research and keep an eye on it. Good luck!