Reality is they could be drilling for another couple of years at BT and yet to find what they're looking for, tier one asset or not.
And with respect to gold they've shown little to no initiative at SE, at least that's what it looks like from the markets perspective. From an investors point of view, piss poor communication and piss poor performance. No one can argue that.
It's not uncommon for companies to "miss the boat" on the bull run in a commodity cycle. It takes much more than just owning assets and having a high commodity price.
Currently, this is a 'hold' if already holding, or 'wait' if on the sidelines, IMO. Company has alluded to the two holes being 'the one' at BT, should this not happen then you will be able to pick up for much cheaper than the current 0.009c (if you still want to at that point). As well as a good chance to pick up cheap shares when they cap raise.
They need to JV or something with someone more competent, they'll run this thing dry the way they're going.
Guess we'll see before years end.
IMO only. DYOR.
SPQ Price at posting:
0.9¢ Sentiment: None Disclosure: Held
