soon enough there's prob going to be a free hit on POZ too.
the appeal is a few things
- Richards experience
- locked up register; nearly 30% owned by Richards and James
- key project; Musgrave E69, (yes another musgrave province, nebo-babel / Thompson nickel belt association type story. no, not claiming rock chips or Nova look a like) but...
- E69 is a new Anglo JV.
- the April-12 spike was the jv news
- last qtr Anglo completed em surveys and early target definition work, a few conductors identified
- this qtr, don't know, prob more early stage ground work
they have other projects,
Tucknarra (Murchison gold) and Highland Plains (near port NT phos) which I am sure add merit, but are not the interest factor imo (unless they ink a development/partner deal for Highlands)
$7.5m mkt cap at 6.3c
add 22% options issue, not kicking in till 20c+
est $1.7m cash
$300k qtr corp opex
chart looks truely horrible
logic: Anglo development will drive interest/add value
soon enough there's prob going to be a free hit on POZ too. the...
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