Interesting couple of notes just out.Austock Unrisk $1.51...

Interesting couple of notes just out.

Austock

Unrisk $1.51 (Rockwood $0.13)
Risk ST $0.55 target (Rockwood $0.03)

Attributing such a minor value to Rockwood because it is at such an early stage suggests MT to LT price target could be blue sky if Tim and the team can continue to move this discovery quicky from discovery into feasibility mine studies like they have done at Orion Downs.

Helsmec

Latest resource update gives them EV/t of $0.12c. They have EOC as Developer/Explorer which as average of $1.98 per ev/t. Even on Explorer category (pre mine feasibility stage) the average is $0.46 ev/t.

Suggest a few more instos will start to pick up on Rockwood potential given there is a massive upside still. Refer to latest update on Rockwood from companies website:

http://www.endocoal.com.au/default.asp?section_id=21

It is over to management now to delivery on this potential. I'm backing Tim to do it.

Cheers
D