I carried out an NPV last year and came out with an NPV in excess of $200M. Now with an expected upgrade things get even more exciting.Darcy,Andrew, Darin....resource open at length therefore exploration potential, tight share register and low MC.....a perfect storm.
I do remember talking about this one last year when it was sitting around 10 cents for which seemed like eternity then whoosh off she went.....it has retreated and stabilised.I do beleive it will be deja vu here, the scene is set.All my opinion and hopefully there wont be any curve balls thrown at us in the near term but who knows.
If we do get a nice upgrade in resources and the SP fails to fire...well I dear say the chinese can come in and buy this on the cheap.I do hope though the SP can be run up to its truer value before this happens.
I know we were talking about 4Q 2011 production last year but would 4Q 2012 be more realistic??
OVR Price at posting:
27.5¢ Sentiment: LT Buy Disclosure: Held
