a serious reminder

http://imagesignal.comsec.com.au/asxdata/20081127/pdf/00907911.pdf

For them new to the politics here, this is the relevant background to get a grasp of ... IF YOU BELIEVE THEM of course.

The scoping study for Pungkut released last November showed BASE CASE NPV USD 50 mill for POG USD 800 / new plant capex ... AUD 18 cps

But POG is now 1000 and doesnt look like looking back :)

At POG USD 1000 BASE CASE NPV moves UP to USD 120 mill ... AUD 43 cps.

Gets even better with using used plant available locally.

U can use your own imagination what NPV at at POG 1650 say, where some gurus reckon this new upwave will take us mid term.

How much longer do u think the "market" will continue to ignore these extraordinary numbers and leave ORP languishing at these ridiculously low prices with POG breaking into a new "third" wave up ?

Also note the base case was for THEN known resource base / production estimates ....... both of which are likely to increase significantly as drilling program confirms.

VERY clever or totally STUPID ?

Reckon the former.

My right palm is getting real itchy now ....

Maybe Spok is right ... lets forget the URANIUM proximity to PDN spec for now and focus entirely on the Pungkut GOLD project numbers likely since funds are tight and market usually cant cope with more than one thought at a time KISS !

Pungkut is now at PFS stage with market cap at 10 mill.

Financing wont be a problem if they complete intact.

Potential piracy is a more likely problem ahead.

Lets hope the 30% new bloc at 2c will be our allies ahead. There's plenty for all and more from here if them numbers prove anywhere near right.

Any real fundamentals ANALYSTS amongst us ? Technos are screaming BUY ALERT IMO.

IMBOOC