Bought 4M in October average 1.4c.$5M MC company with $8M worth...

Bought 4M in October average 1.4c.

$5M MC company with $8M worth of funding from Fortescue for a start as capital raises should be at a minimum although they'll need to fund Isa North and Mundi unless another major farms in there as well. That and the fact they have some good ground sandwiched between several majors makes them a prime takeover target. Greenfields explorers explode when they hit paydirt and that's what I'm sitting on my holding and waiting for.

Also no sovereign risk.

This one is a no brainer, wish I had more available cash as I want 5M before it starts trending back up. They just need to hit something, they've only drilled 4 holes at Canobie and Isa North and Mundi to come this year also. This year should be an event packed year with announcements. Lotto luck if they hit something special. If mediocre $5M MC is basement and there's way more upside potential to very little downside risk in my opinion and even if it runs to $20M MC which is on the extreme conservative end for me I'd be happy with that but my wildest of dreams are $250M MC.

News due within a few weeks on those other holes, hopefully drip fed to the market over a few weeks. We'll see!