It's been an unbelievable ride, $5 in Sept now $2 and with mineral exploration on the nose, it could get interesting.
There are still some incredibly good points to note:
Guidance has been re-affirmed.
Balcatta generates 80% of revenue, and believe me, their busy.
Gold is 25% of total revenue (only metal to hold up).
Expanded their uranium lab by 400% in 08, (new lib govt has given go-ahead to develop in WA).
Building a new lab at No. 3 Macadam Place.
Marc seems to be doing well, expanded their factory by 300% and won new clients, one client is spending $10m.
....and it will be sitting on a 15%+ divi, fully franked.
I'm accumulating down here.
P
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