short term trade diary friday 10th july, page-13

construction starting in oct of a 70 million US mine

already spent 20 odd million and 40 million US debt funding by Mac bank

the cap is 15 million aussie

The mine margin is 330 US/ounce

900-330 / .8 x 65000 =46 million + silver

the MD just bought 10 million 25c expiry dec09 oppies, and has been madly buying shares, he has a great track record.


Volume on the up last two weeks

I could be wrong just could be a good 2 month stock

has country risk, gold risk, engineering risk, global meltdown risk. etc etc