The 2 million dollar debt would matter greatly if there was no potential Company making Projects unfolding and creating a rerate. To put it another way, a few weeks ago, the 2 million dollar debt represented 50% of the company's MC, making it a big deal. Now, less than 3 weeks later, it only represents 5% of the company's MC. If /when it hits .10 cents or 100 million MC, that debt would represent only 2% of the Company's MC and so it goes on. Its a new dawn for the Company if T3 proves to be a world class discovery. My understanding is that the next T3 announcement will likely be assay results from the recent drilling that was announced a couple of weeks ago which started this rerate. Its important to realise that this rerate is not only being generated by these hopeful high grade assay results. Where normal Kalahari deposits are narrow and sit more vertically, drilling has identified that this deposit sits more horizontally with thick mineralisation and therefore potentially massive in size, with a workable amount of overburden lending itself to what could become a massive open cut Project for a world class mining corporation. Two other drill rigs that are currently working will be a major source of newsflow in coming days/weeks. Firstly with information of further extension and depth of mineralisation, and visual descriptions and then followed by assay results. We know news flow moves markets. Here we have a virtual guarantee of constant relevant newsflow giving a valid reason and opportunity for a substantial rerate. As always, none of us are experts so best to read the material and see if it makes sense to you.
MOD Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held
