OK as a self confessed n00b at this sort of thing I have just...

OK as a self confessed n00b at this sort of thing I have just complied my first recommendation. Please DYOR and if anyone has any comments then shoot them through.

Sinovus Mining LTD
Silver Miner in China,
125,000,000 shares registered
66% of all shares held by Top 20
Underwritten by Martin Place Securities

As at 3rd quarter report in April 2008
Actual
Spend: $1.6 million to end of 3rd Qtr
Cash On Hand: $6.2 Million

Projected to 4th Qtr
Spend: $1,000,000 on exploration licences
$250,000 mining
Cash on Hand: $5,000,000

Highlights
Prospectus
Xiangguang Ag-Mn project
2 year exploration plan started on 15.01.07
Projected 2800m tunnel exploration
Projected 6110m RC Drilling exploration
Feasibility study to begin end of 2008.

Other:
20 exploration licenses have been applied for

Actual as at last report
Xiangguang Ag-Mn project
Actual 1600m tunnel exploration (57% complete)
Projected 2330m RC Drilling exploration (38% complete)
Based on results to date feasibility study has been brought forward.

Other:
Due to costs only 7/20 exploration licenses have been applied for

Share Price
Affected by OPES sell off
Price on 13/05/08: 10c
Last 3 Month:
High 18.5c Low 8.7c
Last 6 Month:
High 21c Low 8.7c

I see this as a BUY with at least 6 months before a return.

Thoughts
Comments
Suggestions

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