They will need a lot more than 3m to get production going,as most aren't aware of cost of gold mills etc.I can see a takeover but dont think it will be anywhere near 20c as big shareholders would be more than happy to even double any investment and being majority shareholders they will have final say on votes,so retail will only cop a small profit.IMHO.
Ann: Drilling Commences Targeting High-Grade Gold Potential, page-76
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