Ann: POSCO to Invest in the Coburn Zircon Project, page-6

re: Ann: POSCO to Invest in the Coburn Zircon... HLY1951,
The earn in is above our GUN market capitalization, by 2 plus mil.
This is a good deal, GUN get 28 mil, POSCO have to pay for 40% of the development cost.
GUN will get the funding, no issue with that, in fact i think DH will have that allready covered.
DH has delivered, and well done to him, he has had his fair share of critism, and at times justified.
I agree the SP should be well over 30 cents, the market will soon understand it in the ensuing weeks and months, i am not bothered, i am loooking far longer that that, i am looking at 2 to 3 years, once in production, first years buisness, thats the real picture.
Look at BSE 460 million shares, market cap of 168 million, and the SP has been as high as 59 cents in the last 12 months.
Look at the fundamentals of both companies, and Gunsons Cockburn project has more going for it, infrastructure in place, and a stable country.
Cheers