re: Ann: CPs to Mount Gunson Excised Area Far...
I think the best thing for Gunson is to try and sell that copper project if they can get a good buck for it. Cause they are going to need money in the next 3 to 6 months and where the current share price is a capital raising is not very Ideal.
Interesting to note with the report out today with proactive saying that the project is worth 14cents to Gunson once operational (49% of project). That's about $35 million not sure how much it would cost to build the mine but if they can achieve a sales price of $20 to $25 million that's about 8 to 10 cents per share. That would be a good time to conduct a capital raising to contribute more funds to the main game which is the mineral sands project.
GUN Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
