Isn’t it just amazing that cash flow is questioned on a company that actually produces and has a mining operation that is by the June Qtr Report still moderately cash flow positive?
Now turn your attention to the rest of the 1, 2, 3, 4 to 10c hopefuls, with no mining operations, no cash flow either positive or negative and a few drill holes in the kitty and JORC resource statements that wouldn’t be worth more then a roll of Kleenex extra soft toilet paper.
In this current climate I’d be very selective of the companies you wish to put your two bob's worth into, the market now is no longer bullish on speculative drill results, it's the big picture that counts and if you ain't producing anything right now or about to commence operations in the very near future watch out your time is numbered.
So we’ve seen Mining Stocks turn into Tech Stocks, then the same Tech Stocks turn into exploration/mining companies what next Exploration/Mining companies turn to Environment Friendly mining process innovators (to save the planet) LOL
Keep a close eye on PEM & CBH, as the saying goes TIMBERRRRRRRRRRRRRRR, that should take 200KT of Zinc Metal per annum off the LME LOL
Regards
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