turned the corner and going up

SHAW STOCKBRKING recommendation. summary:
- 560 sq km ladn holding in Nullagine field; drilling - density 7 holes/sq km (28 holes/sq km for industry);
- Exploration continues to Sep (drilling results still to come)
- 717000 oz in resource (equates to market cap of $22/oz comapred to $100-$200 for many undeveloped resources
- has purchased long lead items like ball mill and leach tanks worth $8 million (currency in this market)
- $5 million in cash
- market cap only $17 m