Slow and steady = that's the way I like it!
Maybe the market is beginning to catch on to the likely developments over the next couple of months for this junior.
Tightly held and low number of shares on issue (29.85m) means it will rise very well when news does arrive regarding drill results, pit optimisation and studies for the Wombola Pit/Dam gold project.
Cashflow likely under 6 months from now is a huge bonus for shareholders. A figure of $48m was mentioned in 'Resource Stocks' as the current in-ground value of the gold resource at Wombola, which will obviously increase markedly as the JORC resource base increases and as the 'indicated' resource category increases.
Exciting times ahead for this junior no doubt.
As always, DYOR!!
Cheers Freakme
Slow and steady = that's the way I like it!Maybe the market is...
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