MAN 10.8% 4.1¢ mandrake resources limited

Saw your post over on the DT thread, figures were a bit out...

  1. WCJ
    372 Posts.
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    Saw your post over on the DT thread, figures were a bit out (MCap at 1.7c @ $4.5 mil / Cash - $3.775 mil) but thanks for the heads up as it is still a decent value proposition.

    Certainly looks to be some promise here but I think things might end up on the back burner with drilling until the dry season next year. I have spent a bit of time out around that area and the road out there is horrendous once there is a bit of rain on it, its not the greatest even when dry. They could conceivably use a compact track mounted AC rig similar to what CXO run over the wet season but high risk trying to get it in and out again safely before the rain starts in earnest.

    In any case firmly on the Watch List and will keep a close eye on things from herein.
 
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