I have come up with some option codes that I think are very well worth holding medium to long term, depending on expiry date. I have done good amount of research on some, my broker recommended some too. I didnt include MMRO and some other Doolgunna plays as everyman and his dog seems to be onto those and it's dangerous to invest on hype. So my focus is on ones relatively under the radar and rising steadily.
ATQO, ex 25c, expire Aug 11. ATQ is expected to double current JORC thermal coal resource to at least 400mt (this update should be due soon) and BFS also due by end of Aug. They intend to develope the Ngaka coal mining operation soon after BFS by negotiating offtakes & financing. There's already strong dometic demand for the Ngaka coal products with recently signed Mou with a Chinese powerhouse on a 400mw power plant project. After meeting dometic demand, exports are expected in 2012.
EMSOB, ex 10c, expire Jun 11. My broker really likes this one. Phase 3 trial towards commercialising ArTiMist is expected to commence in Sep/Oct. PRRO went from 8c to 26c on the news of starting phase2b trial on Aug31,09. EMS also has a good medical product but has been largely ignored by the market.
MNCO, ex 25c, Dec 12. You can hold onto this one for as long as you like as this one will turn into a monster one day. Los caltos recently upgraded JORC copper resource to [email protected]% cutoff, that is 4.8mt contained copper! yes that's right, 5mt copper! RXM has 700k? SFR has 500k (I know it has gold too). Most importantly, current drilling has only scratched the surface. Most recent drill has tested up to 900m strike length and identified over 50sq km of large mineralized porphyries. New 50000meter drill program is starting in Q4, only the imagination will tell you how high the SP could go if the drill bits hit the goods.
NMGO (there's also NMGOA but I hold NMGO), ex 30c, Jul 11. If you still havnt noticed another West African goldie is soon to become a major black horse, then you are missing the picture. NMG is refurbishing 2.7mtpa mill, FS now underway planning to build a major gold mining operation. It also owns a drill rig which will be on site end Aug, targeting significant potential at depth and along strike. Its Bibiani gold mine sit within Bibiani gold belt host to 30m oz gold, other tenaments sit within the famous Ashanti belt.
PIROA, ex 20c, Dec 12. Solid broker backing behind this one (Arganout I think? If not sure, check who was behind RNI pump!). Thanks to Gizard's reminder, we know this is the same team behind GOT/WTN which went from 5c to 115.
QPNO. ex 2.5c (Mar11) + TNPO, ex 20c (May11) - both have exposure to massive potential Amazon drill coming up in Sep. 35mmbbls + 400-600bcf. Should be perfect BSEBS play. If you look closely at the share registers, you may find a few very familiar names. Craig Ian Burton on QPN who was instrumental on success of MBN and he was in GGE at 0.5c. Likewise my broker told some major investors are looking to buy TNP/O.
Also wish BSE had some options as that will be easy multibaggers. Massive potential, low MC, loads of cash, read the latest presentation.
