company review

I think this price will prove to be a very good buy in the near term. Here is a summary of what we have and quite frankly the ducks are starting to line up.

Now cashed for the next 7-9 months with very little dilution due to environmental bond maturing

Exploration ongoing now until Xmas

DDH1 drilling is the company’s preferred driller and recently joined our register in the top 10 from participating in the placement. I believe they have a very good idea of what will occur with the geological structures they seen in April while drilling the holes now undertaking DHEM. Neil speaks very highly of our upcoming drilling in conversation as well. Neil mentioned that when they drilled the chert hill hole it was very similar sequences to degrussa with no copper and they are confident it’s a matter of when not if. “The DHEM will be interesting on this one”

Good finds are 99% planning and 1% drilling so please compare this company to other specs and you will find they really are genuine in getting this right and the knowledge they have is at its peak and IMO it’s time to strike.

Macro economics are looking better each week and a breakout in the subdued spec market is imminent for projects with good projects and good balance sheet.

The company still remains to trade well below intrinsic value and does not include the large speculative value at play let alone 168,000 T of contained copper.

This company is very tight on the finances and every cent IMO is spent wisely.

Great management who all have recently bought reasonable amounts of shares and underwrote the placement.

We have a cornerstone investor who has and continues to back the company and has a lot of skin in the game with a track record of success.

I have done heaps of research on the Wyllie group and they really do have a investment record that does not miss a beat which gives me a great deal of confidence in the company as they have over doubled their holdings since march to be the second largest shareholder. Neil had discussions with the managing director of the group prior to their purchase.

Last but not least Neil was on site for 10 days mid July which coincides with the reports out today noting heavy interest in the Snell north target well I don’t know about you guys but for Neil to be there for 10 days I would be quiet optimistic they have something of great interest.
Now you cannot tell me there is much better value out there at the moment with such a diverse range of catalyst for major SP movements near term.