Just saw a very interesting interview with AM on small caps that everyone should watch. It gives a fairly honest view of the challenges and potential. To condense it all simply.
Challenge : To get a large enough base feed deposit at Bruno Lewis+Pegasus combined. This would be complemented by all the good small satellites they have.
Potential : They are basically on the hunt for a Mother Lode. All the drill results to date locating so many good small deposits indicates there is a high chance of a significant deep deposit. Using Saracen's Carouse Dam as a comparison, the style of mineralisation, rocks and geology is very similar.
Near term : Lots of assay results to come out by early Jan.
My Conclusion : We need to hope the Tatts ticket of the mother lode comes good and then this could be some winner. Looking at the daily gyrations in share price is probably pointless.
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