STTCOMP MAG FA LONG
GOLD/Cu
MC 50M
SP 29c
SOI 172M
Cash 4.5M
Shares are tightly held, only 15% is available on market.
Management: same team who discovered ALK Boda. Director showed skin the the game by owning lots of shares and bought on market.
Multiple company-making projects the most significant are:
1. Wellington North Project/Lady Ilse: potential to be another Cadia East. Currently drilling 14RC holes. Results will be late July.
2. Myall Project/Kingswood Prospect: share similarities with Northparkes
3. Parkes Project: looks like another Boda, right next to ALK Boda. Drilling will start late July.
4. Another 60 drill-ready porphyry Gold/Copper prospects.
So lots of upside from here. I will hold for long term to watch how it all unfolds.
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