We are explorers, own tenements sort of near them, near Mount Doreen. We have just stumbled across them yesterday and bought a small parcel, we will buy more.
The prospects look good to us, the people involved are well known smart operators. I think there is probably some growth to come, however I am also sure there is some pain to come.
That Region of NT is very underexplored compared the histories of VIC, WA, NSW for Gold. I think you will find that this over the longer term will offer you some good returns.
We are copper, Wolfram, base metal explorers and have been in the industry for 10 years, have sold off a few developed sites now. I am not ramping, no intention to ramp, but from everything I know about this industry, they seem to have some potential and with 12m cash at 22m market cap they seem seriously cheap.
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