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20/11/06
14:59
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VT,
My advice here would be to sit on your hands and hold.
Today's announcement just confirms what I already knew, which is that the resource at Manindi is going to be much more than the 1.0mt Jorc existing.
How much bigger is the question, for me I'm still confident for 2.0mt+. at which time 10c could look extremely cheap.
Bottom line is that fair value right now is around 8c, so we are still trading at a massive discount, at some stage we will catch up.
Good luck.
Regards
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