I believe the reason the SP hasn't progressed more is that people want to see concrete goals with Barnes Hill achieved before investing.
If you look at Barnes Hill, a 200-300 million dollar mine and compare that to the 20 million market cap, you soon see the fundamentals stack up.
Only thing holding people back IMO is that this has flown under the radar and also that people may be scared of environmental barriers.
Once we get a mining licence granted and the numbers start stacking up in the detailed feasibility study, this will go much better. Good thing for us investors is that this should happen relatively soon.
I remain optomistic about the mine going ahead, since I believe its fundamentally a good project and good for the local community aswell. I'd be happy to hear other's opinions and reasons if they think otherwise, but haven't heard anything else negative about the project.
PRW Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held
