I agree with Bob Affleck the managing director about the news...

I agree with Bob Affleck the managing director about the news after reading the announcement fully a couple of times to be clear about the results.

The results "please find snipit below" from today's news...


So with depths of 1m and price of gold $2761AUD today, the company now has an asset which could be sold off to another Gold miner for cash or do JV with someone in the near future. Norton Goldfields, Golden Cities deposit information can be found here for readers...

LINK: NORTON GOLDFIELDS

Remember you are here for the Lithium, so I would say many strategic investors are saying, OK, so you know what they have, let's put it in the bottom draw and see how we go with the new "$8M Raise and 4 Lithium Licences" this year. Someone might come knocking for Commando when Gold prices rise a little more this year!

They still have Tom Eadie former founding chair of Syrah Resources to come on board for the new Lithium projects very, very soon to getting Pursuit Minerals Ltd back on track and focused on the future for shareholders. Also, I have no doubt he will know someone which will buy Commando - IMO. They could use the cash to top up the bank balance which means they will not need anymore funds for the Lithium this year.

Anyway, Good Luck to all investors for this year. I respect everyone has an opinion, this is mine...

Have a nice day!

NOTE: I think at some stage the SP will rise to 5 cents early this year as they move closer to the 4 Lithium Licences. Sorry for any spelling mistakes as do not have my glasses on today!