re: Ann: Hobbs Pipe Mineral Resource Update A... The problem is the valuation. Almost 30m market cap for pure speculation?
A bit expensive isn't it for hopes and dreams?
For 30m i could buy juniors with certain real proven up JORC's that are known to be viable.
Too many questions, risks involved to warrant such a play IMO.. if you add the amount of money and time they need to spend to prove such a deposit this is very expensive.
Gamble is the right word and too many are drawn to "targets" set by companies. Why settle for 20m, why not 100m oz.
Ann: Hobbs Pipe Mineral Resource Update Additiona, page-19
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