Harlee im not sure what comment you are astounded by. If it was the 3.5 to 4.5g t then that is my own view that has been formed by careful study of results from the beginning, not just recently in addition to talking to alot of very experienced gold people. Of course when we finally find out grades etc it could be different but that is my firm view.
If its the low market cap comment. I dont think thats astounding either. At 10c the market cap is going to be just over 80 million. Do some research on other gold miners. They have market caps way way way more than this and resources likely to be easily achievable by pre.
Also, unlike other companies they have a host of other projects on their books which they can deal off in order to keep raising money. This should elimate any need for dilution in the foreseeable future. I dont know when production will begin, but given a favourable location it should not be difficult when the time comes.
To have total confidence in pre and hence your investment you first need to decide if you think the ground has the goods. Once you have taken a view on this, everything else is easy.
And of course all this is even less than astounding if you consider it in terms of a rising gold price environment.
PRE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
