I've been holding this one for about 2 years now and recently doubled my holding.
It's a very quiet company (which can be frustrating) and very lightly traded, but i believe they have a lot of upside.
A 2012 JORC Mineral Resource at Pinnacles of 609Kt @ 4g/t for 78,000 ounces of gold
O/P 159Kt @ 2.4g/t for 12,000 ounces and
U/G 450Kt @ 4.6g/t for 66,000 ounces
53% of the resource is in the indicated category
Minerialisation from surface and, 90% of the resource <200m deep.
Scoping study complete and progressing to Feasibility.
JV with Saracen with a processing agreement in place.
Mineral Resource Estimate at Crusader
2.17mt @ 1.22g/t for 85,000 ounces of gold
Estimated quarters of funding available: 6.7
Conservative expenditure of <$400k per quarter
R&D project in play
Just 118M shares on issue
Listed in Frankfurt
... and 4.2c ?
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