MWN midwinter resources nl

today's ann - positive stuff

  1. 8,159 Posts.
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    It may have been better to have published this ANN on Monday and not after the market close on a Friday as it will likely be overlooked by the time next week starts.

    However those BIFs at Halla look excellent and we can expect a stream of assay results during March / April which has to be very positive news for the SP.

    Again more proof that a Mkt cap of around $4.5mn is completely unjustified. I would have though that a $20mn mkt cap at least would be more representative of where we stand now.

    A mkt cap of $20mn would equate to an SP of around 65c based upon our current 30mn shares in issue.

    All good imo.

    EB
 
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