I really stress this would be under a dream scenario, but I think this could hit 10 cents by the end of year.
So this is in no way to be interpreted as advice.
How it could get there if everything went very right.
They are looking to develop the below deposits initially:
1. Cane Bore
2. Catho Well
3. Goldsworthy
Cane Bore and Catho well are both close to existing infrastructure. So no need to spend time nor money in getting this to port if everything went right.
As per their ASX announcements both deposits are Callisto and Europa (Cane Bore) are both extended 20 - 30 meters out of the ground.
If the drilling proves up both the grade and size of the deposit then the potential to bring this to market in an expedient manner is a real possibility
Goldsworthy
This is the one that I am most excited by.
You just need to look at the comparison to the existing mine that was run by BHP and you can see why.
Management:
The board are all people who get things done.
Simon Rushton's resume is impressive to say the least. Finally it looks like we have someone running the show with the capabilities to get the above to production.
The amount of shares that they have bought on market also is in my view the best indicator of where they think they can take this.
We can only cross our fingers and hope.
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