Thought i would re-visit a posting i made back in March...

Thought i would re-visit a posting i made back in March regarding Black Fire. Since then the share price hasnt changed much but the fundamentals look like they have.

Today BFE has a $14m market cap supported by:

* $3.1m cash at March quarter (prob less by now)
* Owns 7.25m Predictive shares (ASX:PDI) valued at $1.5m
* Acquiring advanced tungsten project in Nevada. Completion subject to resolving claims of a previous owner.
* Owns 70% of advanced rare earth project in Angola. Previous trenching samples up to 18% TREO. 5,000m drill program to commence any day now.
* Up to 5 diamond holes to be drilled at the Mystique JV in the Tropicana belt ASAP upon securing drill rig. Large untested gold in soil anomaly of 4km x 2km.
* Company in a trading halt today for what looks like a new acquisition
* Management looks to be well qualified being ex Barrick and Anglo Gold.

Punters need to do their own research but it would seem that there will be some news flow over the next 3-6 months.