Agree.This is one of the best risk versus reward plays around.60...

Agree.

This is one of the best risk versus reward plays around.

60 - 100% gains within 6 months (more for options). The real question is how likely is it that the deal will go through.

For me 90% likely - even more likely because of Dings failure to conclude last time. MCC would have a good idea what happened and why it fell over - and management are wiser and will have the process down pat.

If you throw in other developments such as the African project and/or the extra cape lambert tenement then we are talking multiples of current sp in the next 12-18 months.

Wort case scenario - we hhave an extra 5 mil in the bank and the sp drifts into the 30's. Minimal downside for such massive upside.