implications of a move on sto, page-28

Spot on Y,

When I spoke to Ian Kirkham a couple of months back the sp was hovering around 70-80 cents, and he said the company was on the cusp of proving it has a low cost operation and it would be firming up HUGE reserves that would push the company's market cap from $800 million to 3, 4, 5 or six billion dollars - or around 7-8 times the sp at the time.

He said all that would be happening in the next three to six months.

He also said they wanted to stay independent, but history proved that was hard to do.

Whenever I get disheartened by what's happening on the share market I go back and look at my notes from that day.

So far he has been spot on, and broker IC has put a value on the company of $2b to $2.4 billion.

I reckon ESG has plenty of upside in the next couple of months.