Golden rule in spec. investing.
Follow the pedigree of the people running the show.
By the by, 1 share went through at 4.10.18 @ 0.012.
1 share! How is that possible, or legal?
To the question, what's a 500,000 odd oz resource worth?
With gold at AUD 2400, a 'value' of AUD200/oz is hardly overkill. Far from it imo.
But much depends on likely economics, potential future resource growth etc....
200/oz = AUD 100m = 8c.
Their last presentation suggested a Scoping Study on Camel Creek in Q2 of 2022 ie by June 30 next year.
Clearly, that project is their priority focus.
Even toll treatment should be a viable option if gold remains at these levels.
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Golden rule in spec. investing.Follow the pedigree of the people...
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MEMPHASYS LIMITED.
Professor John Aitken, Scientific Director
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