opinions...., page-3

sed SED may be a better small miner to watch, has interest in Qld based gold project with NCM.
I spoke to the guys at SBM, the paulsens project is risky from the aspect that the crumbs are at the top and the cake is at the bottom, meaning that they have to mine low grade before they hit the high grade, which makes financing difficult.
Bottom line is that the merger will need to raise about $100 million to get all of the operations running that support the production figures quoted in the merger announcement.
I can't see this one flying too hard.