Haha, this is what raises my eyebrow somewhat. I know of some up coming mining companies that have a large resource of the same material, lom of between 20-40years, offtakes signed, around 1.5billion shares on issue each, but are still building their camps and have yet to process and ship any ore and they're trading 45c,$1.2. With forecasted revenues much similar to ours.
Yet here, we have our 'camp' built, already processing a replenishable resource, offtakes signed, 'lom' of...well....infinite! And only trading at the price we have been, if this hasn't been the classic example of being undervalued then i dont know what is.
I guess this shows whats hot and whats not on the asx.
Ann: Trading Halt, page-153
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