resource statement released, page-22

Thanks for the very good recent posts , MlJet and Cdchi1.
As you have said , combine high grade resource , dollars in bank , highly aggressive drilling programme , exceptional targets , really tight share structure ,and excellent management ...and you can see their initial Jorc Resource blossoming ,and share price re rated as they release new results .
Add Mark Cossam to Allan Kelly and Heath Hellewell , as exceptional personnel .
Slide 25 of the RUI presentation does it all for me --
Resource Growth Targets --500k oz by Dec 2011
...1,000,000 ozs by Dec 2012

Targets are targets ...but I don't think the calibre of this Management will be putting their names to pie in the sky figures , knowing the territory like they do .
Is the stock underpriced now ...I have to agree with you , given they get to 50% or 75% ogf thier targets .
If they achieve or exceed ....well , altho its not copper , Sandfire went from less than 20c in May 2009 , to over $7 in Feb 2011 .Copper grade v Gold grade = Grade is King .
So Note Slide 14 --"highest grade virgin gold discovery in Australia"
I also note Norm Seckold was/ is a significant shareholder ..many people follow Warren Buffet onto a share Register , I am quite content to feel if its good enough for Mr . Seckold , then its good enough for me .
cheers