I am a relatively 'newby' but have researched Olympus Pacific...

I am a relatively 'newby' but have researched Olympus Pacific Minerals and I like their mining locations and their 'open style' presentation document on their home page. Also they have raised a further $12m odd to finish the development and launch of their new mines. They are also ungeared.

I notice their published production projections use $900 per oz for sales of 300,000 oz (from 40,000 now) in 2014 with $450 cash costs. This seems very conservative (the $900) and I feel therefore the $450 is probably also conservatively high.

Any views on this stock as a growth or acquisition target ?

coldcat