Market cap 12.5m @ 2.4c, Diluted Market cap 16m, Cash 2.4m as per presentation 28/08
Drilling for gold and lithium in Finland. First drill holes from each prospect were not received well by the market. Further gold (6 holes) and lithium (5 holes) assays are expected soon.
Kietyönmäki Lithium – 12/09
Kietyönmäki Gold – 22/09
Tipping on the basis that any positive news from the expected assays could see the share price move the required amount for a successful tip. Share price seems to have found support at 2.4c, at least for the last week and a half.
On a side note they have a 52mt copper asset for which a scoping study has been completed.
Considerations:
Cap raising done at 1.6c in July - Hartleys
Copper asset not feasible at current prices
Sovereign risk
