5 cents valuation, page-5

I grabbed a huge chunk of shares @ 7.9c - 8.0c as the underlying value is extremely compelling at these levels.

2 weeks ago they placed 10 m shares at 9.6c/share so those sophisticated investors must also see value at these prices.

The resource upgrade is imminent and we'll be talking about a significant upgrade in the reserve / indicated cathegory which will give a huge boost to fundamentals.

Easily one of the cheapest gold stocks with huge low cost production potential on the ASX.

I doubt we'll see 5c. They wont need any cash for a while ( around 5 M$ cash left in the kitty ) and late October will see us through this current crisis. ( Greece will be sorted out by then ).