I think until the Eritrean government sign on the dotted line and STB start breaking ground and start building an operation I really do not seeing this moving much more again. I think many have been burned from the $6 + high not that long ago and while this is a big resource if it is still in the ground then it is not making any money. Need patience with this one, the rewards should hopefully be there if all goes well. One thing I do not understand is how much resource does one need to prove. I would have thought they had enough awhile ago to start building a mine and while that is bringing in money further develop the resource. I would guess the logistics of where to sit the mine for best use of resources would be a factor but just seems that other mines have gone ahead with much less resource proven. I guess this is why I am not earning the big bucks so just have to hope management have got a handle on what they are doing and as long as I get to see some cream later on down the track I will be a very happy camper.
STB Price at posting:
$1.13 Sentiment: LT Buy Disclosure: Held
