Given that the current market cap is around $42m, I don't think the market has picked up on the fact that...
1. Should Barrambie come on line, they are forecasting revenues of around AUD$200m per year (at US$8/lb). Don't forget, the project is at Bankable Feasibility Stage and they have an MOU for the offtake of the entire production.
2. They expect around $5m net cash from the Sand Queen operation.
3. Western Areas reckons their Mt Finnerty project is worth spending $3m on exploration to earn a 65% interest.
4. Portman are working on the Mt Finnerty iron ore project and have already identified a targeted resource of around 4m tonnes. This is also only a couple of km's from the Polaris project which was announced yesterday and sent the share price soaring.
NMT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
