ml bulk commodity implied valuations, page-13

Hi Magix,

patience, I have :) will be holding this one for some time but I would not want us to miss the boat with this resource boom....

When you have read announcements such as

Fast track for an early cash flow
Potential to deliver an early cash flow

On a number of times

Then you still have the shares in the Co 5 years down the track and new ground been turned over and you think what happened to these projects that had been earmarked for "fast track" seems the light had been taken off the type of resource therefore put in the forgotten tray, move on to the next, one continual circle....

My rule of thumb for projected target company dates for action is x 1.5

So "we will be mining in 1 year" is we will be mining in 1.5 years, works nearly every time unless the co have real movers & shakers.....