Yep, a mini FMG in the making here.The way this has been...

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Heisenberg63

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24/04/24

09:06

Post #: 73489238
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Originally posted by thebarry111: ↑

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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Yep, a mini FMG in the making here.
The way this has been steadily climbing for many weeks now on the back of no drilling results whatsoever or any publicity, speaks volumes of the potential of how explosive this could be if really good holes start coming in.
If retail get a whiff of this then, I think 15c could look cheap. There simply won't be the float to take all the cash trying to get in.
Not financial advice.

M4M Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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