The article says 'if the story works out, there’s a 242% profit on offer before June'. If this is based on the 5.5 cent max buy-in, then the SP prediction is 13 cents.
Lots of 'ifs' in the article but this is what all speculative stocks are about. Every one of us here wants to be on the one that went bananas but not so many have the resolve to stay the course.
For what its worth, my view is that the company has gone 'all-in' on Collerina as opposed to their regular strategy of looking for JV partners. This has to say something about their thoughts on the project and how big this could be. Drilling results are the ultimate truth, but based on what they have been doing up to this point, I am mildly optimistic.
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