A few points:- BSE qrtly out.One of the cheapest specs on the...

A few points:

- BSE qrtly out.

One of the cheapest specs on the market imo. Trading at cash backing and in the process of acquiring a large greenfield Mineral Sands project.

BSE quarterly shows that:
"Last updated in 2006, the DFS showed a robust project with an 11 year mine life producing 330,000tpa, 80,000tpa and 40,000 tpa of ilmenite, rutile and zircon respectively for the first 6 years and approximately a third lower thereafter, at a capital cost of US$175 million.""

"At current product prices, with a very low stripping ratio and located only 50km from an existing deep water port, the
Kwale project would be in the top quartile of current producers on the basis of revenue to cash cost per tonne ratio."


Well worth a look. Many times a multibagger for the patient from these levels.



ALSO,

Gold. Gold up $15 or so last night. Flight to gold? Worth watching to observe any potential aggressive breakout.



AUJ: investor presentation out. It is a very cheap, highly leveraged oil play with lots of newsflow and progress coming up this quarter. Put on watchlist. Observe.



GL today.


Regards,
followme