Solid action this morning and good to see a slow and steady move rather than massive pump.
Thinking about reasonable price horizons...
$890,000 cash on hand
$6M mc @ 1c
$12M mc @ 2c
$18M mc @ 3c
A quick study of the market right now suggests all of the above are quite possible. Beyond $18M mc, I think you really need to have a project that includes a scoping study or getting towards talk of a JORC resource. Or own a massive tenement that is highly prospective.
On the other hand, any announcement regarding a coal asset purchase would provide additional value to the above MC projections.
unaly hill and victory bore proximity, page-15
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