Am very particular now, about any of these small cap exploration...

Am very particular now, about any of these small cap exploration companies....(ie prior to investing)

This one though....really ticks all the boxes.

$30 million market cap....$10 million cash now.

100% owned Hera gold deposit near Cobar...150 odd holes had been drilled to prove up JORC resources of [email protected] of Gold. Company say could sustain an 85,000 ounce annual production....(profit $35million PA - my comment)
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Even more exciting, because adjoining this JORC resource is current drilling of 6 more holes... (Company say to add to existing JORC), first hole was completed last week-results awaited). A previous drill, years ago.... some 50 metres away, produced a bonanza result of 7.8m@ 15.2 g/t of gold and 12.5% zinc, 7.5% lead.

Additional drill results, without the overhang of pending capital raisings, is exactly what would appear to most investors.

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