There are a few short term factors that will keep a lid on the price, they have a SPP open at the moment (up to $15k stock for existing holders @0.019c), offer closes 18th Aug. Would be nice to see it trade above 0.034c after that.
Beer & Co value it at about 0.085c at UDS $1250 /0.75c. With the valuation having strong leverage to the POG.
They are now fully funded (about $5mill) for pre-feasabilty (drilling now) and definitive feasability, assuming the pre goes well. Also a bit of exploration drilling as well, athough they have shed loads of the stuff already.
Could be producing by late 2018, ramping up to 100k oz+ in 2020/21.
Would be intersted in your thoughts if you have time to look at it?
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