EIO 3.57% 29.0¢ energio limited

Current spot price around $105-110.Most expect a $120-130 avg...

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    Current spot price around $105-110.

    Most expect a $120-130 avg for 2013 and 2014.

    I can't see EIO raising until after prelim metallurgy (due next month), which will be the final tick for the big players to come in - probably via a $5-10m injection from UK insto/s, who understand West Africa better than most, and who backed the likes of EQX, who still have an EV twice EIO's without a JORC resource as yet.

    It's up to the rest of us to "get-set" before they arrive.

    The prize is a take-over offer sometime next year IMO.
 
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