nice post its popped up on my radar just going to watch it...

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08/09/14

13:11

Post #: 13940301
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Originally posted by GoldenBalls ↑

1.7Million of those shares today wont be sold anytime soon as I bought them with a 2 year view. (Similar interest in CZI).

1. Only 161Million shares on issue (usually a billion in this end of town), a lot of which appear to also be held long term.
2. Cashburn now under $200k a quarter.
3. No CR required anytime soon.
4. Approx 3.5c backing per share. (Trading at a discount as people tend to worry about the detail of not having a finalised wet signature).
5. No valuation factored in for Musgrave or Highland plains??
6. JIMPEC has low cost extraction plan for Highland Plains with known JORC resource and location advantages over competitors.
7. CZI has commenced 25,000 metre drill program over 12 weeks at Babel and Nebo, with proposed holes to test for possible extension of high grade areas. "Significant observations and assay results will be released as they become available" CZI 3/9/14. Cheap newsflow for the area!

Management appears likely to be a few handshakes away from exciting developments in Musgrave, perhaps Highlands, so I'll leave it on a glass half full note and let you all continue to do your own research. Enjoy!

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nice post its popped up on my radar just going to watch it first,,very very cheap

POZ Price at posting: 2.3¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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nice post its popped up on my radar just going to watch it...

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