Ann: Quarterly Activities Report - March 2017, page-4

So..... 30 minutes of reading tells me that its def interesting.
Considering how quickly there were able to increase the resource size, this has gone onto my watch list.

Would I buy it now..? Not yet, they still have quite a bit to go, even though the scoping study will be out in 30 days or so.

Pros - cheap E/V right now, albeit, while the resource is large for such a small cap, its also a little unknown (perhaps why you are already in! ).
Management seem very keen to get this to progress a lot faster than some explorers.
Grades seem pretty good for open pits.
I like they are splitting costs with the drilling team.
Seems quite prospective tenement wise.

Cons -
Little cash, $15m upfront payment next year is a decent hurdle, considering they will still need to fund BFS/DFS and then development.
The price paid is not cheap, at least compared to past deals that I follow, BLK/GCY/SAR/RMS etc, but then, they mostly bought when gold was out of favor.
Not a huge fan of its location, i.e due to it being a fair bit north, weather related delays could kick in a fair bit.

Please do tag me again when/if the stock start moving as I don't often find new explorers on the ASX that interest me.