After skimming through the annual report tonight, I can confidently say that GUJ will become a major player.
The major highlights for me were:
1. Great potential to prove up their exploration projects in Tasmania. All projects are at an advanced stage.
2. Two near term production opportunities (Avondale to come into production within 6-12 months and Elouera as soon as the acquisition is completed). Both mines will have 20+ years of mine life, offtake agreements have been guaranteed and further reserves will be explored in both mines commencing soon.
3. At least 2 Institutions have made the top 10 list in the past 3 months.
4. The top 20 shareholders own 94% of the register. (worth noting that 15M come out of escrow in August 2007 and 170 million come out in March 2009.)
What more can you ask for!!!
GUJ
gujarat nre resources nl
After skimming through the annual report tonight, I can...
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