I only hold 2 stocks, a gold and multi mineral brine stock.
I do not see this project ever being mined if the trend continues with a high percentage of poor quality Kaolinite.
The percentage of Halloysite would have to average 30% just to be maybe economical, and even then still maybe never mined.
All this companies projects are marginal at best, market cap should be closer between 5 and 10 million as a spec play in my opinion.
I do think there is still potential at Gibraltar, but the risk needs to be weighed up, and anything over 1.5 cents is very high risk and over 1 cent moderate risk in my opinion.
If I'm interested in taking a punt, the risk needs to be moderate to low risk based on previous market cap to current market cap, unless a project shows a very promising proposition.
Good luck all.
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