yes sacd......when a broker analyst goes on public record...

yes sacd......when a broker analyst goes on public record calling the resource "spectacular" and the MD of Conquest says he will issue an ann upgrading the resource next week. ...... mmmm yummy.

They have 145 mn shares so the company is only valued at $51mn or $60mn if you dilute it fully by adding in the oppies - they do mature in December after all.

If this resource can start to be valued in real terms - which should be possible after the next ann then there is a strong possibility that a company value in the hundreds of millions can be justified especially when one discounts future increases in the resource.

Makes a $1+ share price a distinct possibility in the short term as a best case scenario. Although I am sure there will be plenty of people knocking this opinion.

However they will be the same people who were downramping the stock when it was in the mid .20s - so we know not to take notice of their opinion.

Roll on monday - ann before the open would be nice to give me time to read it.

EB