I agree you can't be too cynical with junior miners, however, this one has some pedigree with a substantial Indonesian partner in Indika Energy holding 23% bring expertise and a large chunk of the funds to develop the mine with the ability to move to 40% Lion Selection Group holding 22% who have the expertise and a history of backing winners in the Gold sector and Aust Super holding 14% who I wouldn't describe as punters.
NUS Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held