Isn't it great that we have a democratic forum like this!
How much is it going to cost to take up yours?
50,000 x 2.5c = $1,250
You have already bought 500,000 x 4c = $20,000 (+ a bit of brokerage)
So to but 550,000 = $21,250
When the plant gets turned on, expands, more drill results come in and the stock gets a rerate from explorer to producer, let's say the price returns to 4c.
Then 5,500,000 x 4c = $22,000
You will have made at least 4.5% on your money in how long?
If we are going to put it out to measure, my entitlement is larger than your holding, and I am scrambling to take this offer up.
True I bought in at lower entry points than yours although, in my opinion, the upside of
* deeper discoveries to come;
* an expanded (to 700 KT)opporational plant to expolit & cherry pick the high grade deposits;
* their own mobile plant (trucks and excavators) to reduce cost,
* and a bonus of some manganese in the offing
makes this an opportunity rather than a problem.
Just looking at the buy side of 3:1 tells me I am not alone in my thinking.
One last turn of the grange!
SBL Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
