I think you might want to check the date Paprad.
That valuation might have been before the BFS. 31 Aug
Go to the web site and see the ones after the BFS.
http://www.discoverymetals.com.au/irm/content/reports_broker.html
Goldmans sachs $1.50 7 Oct
UBS $1.35 7 Oct
Fairfax 1.04p =$1.66 30 Sept
Baillieu $1.21 9 Sept
This is just based on the ready to go BFS. Not the under ground, not the inferred, not the drilling that will extend the pit. Not the new drilling that more than likely will prove up another pit.
from $1.00 to $1.30 is still cheap.
No one likes to by a stock and see it go backwards. But this is a long term play. The up side is massive.
Read the reports. Look at what is coming up.
This management team is truly focused and have brought this passed a BFS in break neck speed.
Look at the trades and ask if they are real.
Be ware of the sharks who what your shares.
Hey, I'm more than willing to take them off your hands if you want to sell cheap. I'll be ready to go Monday when my short term play comes out of it's trading halt. More then happy to take them.
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