i know it was suppose to be last week but heard that the geo was delayed and that they were expecting to hear a final calc some time this week..
Just hope the figure of 10-20Mt is in the ballpark....lets say a $3/ton in-situ value assuming a measured resource or a reserve JORC status, then this thing should have a cap of $30-$60m....
the lastest 3B says that have about 75m shares, so on an undiluted basis the stock should be $0.40 - $0.80....happy to settle for $0.25-$0.35 on this one...a nice return from the current levels.....opppies should fly if the stock gets to those levels.
wish you all welll and hope the rumours are good.
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