If they can become self funded explorers then the company becomes an interesting play. So far the self-funded part is not set in stone. They look to have made reasonable progress during the quarter, given the challenges involved trying to start a mining operation and operating in Africa.
I take a wait and see attitude on the sidelines for now. The upside would be through a big new discovery. That's not going to happen until at least the fourth quarter. Let the other shareholders wear the burden of the start-up risk and the attendant potential requirement for more capital if things go wrong IMO. Just keep watch for the expected cash build to eventuate and some exploration rig movements on the ground IMO. Esh
SL1 Price at posting:
2.7¢ Sentiment: None Disclosure: Not Held
