construction starting in oct of a 70 million US mine
already spent 20 odd million and 40 million US debt funding by Mac bank
the cap is 15 million aussie
The mine margin is 330 US/ounce
900-330 / .8 x 65000 =46 million + silver
the MD just bought 10 million 25c expiry dec09 oppies, and has been madly buying shares, he has a great track record.
Volume on the up last two weeks
I could be wrong just could be a good 2 month stock
has country risk, gold risk, engineering risk, global meltdown risk. etc etc
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- short term trade diary friday 10th july
short term trade diary friday 10th july, page-13
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