Near production isn't a speculative buy, it is a high risk, low reward buy. Gearing up to production is where most exploration companies come unstuck. They often lack the funding and the firepower to start production. Theres no ten baggers to be had in mining - there is in greenfields exploration and sometimes in resource upgrades. Previous drilling? Do you have the right company? Gascoyne and Barlee are as greenfields as it gets.
@talentless I hope HC doesn't effect SP but my guess is, its not helping the cause. My issue is the criticism on here is nothing but recycled references to Status Quo jingles, and various ways of saying 'lifestyle resources'.
Barlee is a bloody bonza project. Rock chips and soils say so and so does the recent volumes and major shareholder buying. SEG seem dead serious to drill and thats what Im looking forward to.
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