Cap raising should see them tied over for some time : love this stock at this silly price : once they get compliance & licensing sorted out etc this will be a very attractive acquisition.
High grade, shall depth, huge resource, massive tenement, 40 year mine life thus far, revenue $12 billion over projected mine life, location close to road & port, secure Derby port agreement, 100% owned, project in Australia so limited risk, 2 - 3 years away from production, only 135 million shares on issue ....... PAY Back of debt on new mine cost after 3 - 4 years
They could so easily just saddle up with a big investor, sell 20-30% of the project with not a $1 spent.
If there's a take over lets hope its later in the piece so its not stolen for a song.
Whats it worth .. ??? $2, $3, $4, $5, $6 per share ???
Very much under the radar for now
Ann: Trading Halt, page-2
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