1) shares on issue - 58.2m and tightly held within the knl...

1) shares on issue - 58.2m and tightly held within the knl family, meaning serious uplift with progressive results

2) cash to move to next stage - >$1.5m enough for step out drilling; extension drilling and metallurgical tests

3) hot commodity and country - say no more with graphite and tanzania (ie. SYR)

4) supporting commodity - nickel at nachingwa is world class - see IXR T/O of Continental; if met tests dont deliver, fall back on the next SIR in Tanzania

5) solid management - investment banking and local tanzanian development experience

market cap can move very quickly with this structure, particularly if hartelys or patersons put out some notes on tanzania (ie. SYR and IMX), exploration and metallurgical results are positive thus far; SYR is valued at ~$300m and about 12 months ahead and IMX valued at ~$30m and about 2 years ahead; but have a distorted capital structure

This should be $1 by end of year, cant tell short term but medium term is very solid; and long term looking better by the day

Definitely a good medium term buy in this sector; can't wait for Hartlys or Patersons to have a crack!!