the bad 1. 690 mill shares 2. all the good news is in, dunno when they going to drill more etc 3. no timetable for production 4. if they want to get it into production they will need cap rasising, no infrastructure etc. 5. management who are they????????
the good 1. 6 mill cash - enough to continue with the drilling but not enough for production
so ill punt a bit later on when i know they are going to commence drilling again.
i dun see production until 2008 maybe 9.
though PDN - producer to be , is worth 2 billion.
JML - production to be but with Zn is worth 200-300 mill.
so if they can shore up the goods etc, we can expect a 10 bagger from thisone.
but can management do it? need to find out who they are.
do management hold? top 20 holds?
MLS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
