And further to what I mentioned above, my catalysts for the reedy south project; I don’t anticipate them discovering an ‘elephant’ at reedy south, such as Degrey or Bellevue, but it’s not impossible either. Realistically, something similar to what Westgold has done next door, ~1-2mil Oz. If they do, we could be looking at a company worth at least $200mil+, potentially a lot more considering the current gold bull run which I believe has another 5 years to run, and a gold price of US$3000+.
Midas IMO could be an elephant, but time will tell. Coronation could be special as well considering the EV boom, and the want of world to move away from a reliance on China for EV materials. From a current $15mil MC, we are invested in a company that could return many many bhags from here.
but of course, IMO and DYOR, and always diversify!
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Ann: White Cliff Expands Reedy South Gold Project Footprint, page-60
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Mkt cap ! $27.69M |
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Price($) | Vol. | No. |
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