This company was recommended by a tipsheet in the UK over the weekend. They were recommending investing in the TSX shares as there was better liquidity but it should help the shares in Oz get some wind in them.
I was also surprised by the low recovery % when I was researching this company but I think it won't be too difficult to keep improving the recovery rate as they increase the tonnage and they mentioned in the last report that they were working on this and expected further improvements.
I am counting on increased tonnage and recovery rate improvements driving the costs per ounce down and then this company will be worth considerably more than the current share price.
The tipster (Tom Winnifrith of T1ps.com) has a target price of $1.30 odd in two years which would be a decent return from here.
OYM Price at posting:
49.5¢ Sentiment: LT Buy Disclosure: Held
