something to consider, page-35

AGS is no WMC that is fo sho.

WMC was taken over roundabout when I started investing in the stockmarket so I don't know them too well. Nonetheless, the wikipedia entry kinda confirms what I suspected. Medium size company with revenue flow. According to wikipedia, "In 2003, the company made a profit of A$245 million, on assets of approximately A$4000 million."

I'm guessing they had a substantial portfolio of projects at various stages of development. They probably spent a substantial amount of money drilling duds til they found Olympic Dam.

The drilling of duds, that I can believe AGS can replicate. No worries there. The releasing of ASX announcements claiming a technical success. Yep, they can keep knocking those out.

Can they find/buy an economically viable resource worth developing? We'll see.