Thanks for the sentiment but with my luck, I'll bail and it will take off. In any event I'm in too deep.
With the Chinese money now in the mix, I can see things are going to happen sooner rather than later. It would seem obvious to me that our management are in a position of looking at every opportunity to maximise the investmnent if you looked at their profiles. Like us they want to see something for their efforts and like I said, this is potentially a biggie. The ore has been valued at $36 per share which if you took 80% of that value to get to the customer, makes it look very attractive.
For me personally if it got to $1, I would be very happy. Anything more and I would be ecstatic. The money is there. It all comes to management and how the resource is handled.
I said in an earleir post that I had a holding of PIR which is leaps and bounds in front for a simliar investment reason. What they did was a comprehensive road show which brought the investment to potential holders who saw it as a means to make some money and lets face it "that's why I'm here" (so James Taylor said). Fingers crossed (still).
VWM Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held