STK 0.00% 10.5¢ strickland metals limited

ann out, page-20

  1. 8,991 Posts.
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    $200k in exploration and $100k admin for qtr gone

    leaves about $900k in the bank

    I know it's cutting it fine but if they wanted to they could easily be good for another qtr... do the follow up drilling at Warmbloob then a raising

    either way; at the moment for $6m you get
    - Viner plus Hepburn-Brown
    - some great shallow hits in fresh ground, in a great location
    - $27 insitu per $1 mktcap (or 3-4% of insitu) - fair
    - the fast money probably largely gone

    I think it's a good opportunity to buy
 
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