I already have gold stocks that are producing and those that are not in production (or forecasted) by now I believe will miss the boat. I overstated that resource for Gold BTW and its more at 126000 oz (or there about's)
It was only about 8 years ago that everybody in the mainstream investing community had the same attitude to Fortescue and look at what they ended up doing.
IMO, the current state governments are not coming out on supporting Brown Coal Exploration, as some might see it as unpopular. However as long as there is demand, we will be reaching out to supply (especially with embargo's placed on Indonesian coal).
I have a couple of bids in the screen but will be taking up my entitlement to ensure we have solid cash flow within the next 12 months.
gl all
MNM Price at posting:
7.4¢ Sentiment: LT Buy Disclosure: Held