5% stake in Cliff Head project no cash for this till 2005 (production starts in September this year about 30cents a share) however they will have to fund their stake in project which will mean debt?
6.27% in Jingemia $3 million cash should come in for this for 2005
I would say is buy they should generate more market speculation as they start their 3+ drills this year (how much is anyone guess maybe to 30 cents? in next 2 months)
PSA is (IMO) a outright buy with cash coming worth more than share value. Shares Outstanding: 118,590,841
I cannot see why these should not get to $2 plus after this end of year announcement which are due this month
PSA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held