GUN 0.00% 1.1¢ gunson resources limited

Peppie* Bloking's made sensible strategic decisions on how to...

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    Peppie

    * Bloking's made sensible strategic decisions on how to move forward.

    * Yes flogging off the project is one of the options other than mining sand. Other options could include farm out arrangements or exploring small scale commercialisation per suggestions you have made in the past. My point is that Bloking only has to strive to generate return for shareholders from the point he comes in ie now, at around 2.5 cents and $6 million market cap. The past is effectively irrelevant for him, the options are broader than just mining sand and the odds of getting a return for shareholders from this level are quite good.

    * Yes that's a very good project you cite. It should be quite appealing to ILU or the like.
 
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