soulman
19-07-2011, 09:08 PM
Found this company a few months ago. A gold company with 1.033 mil ounces gold JORC.
$4.7 mil cash in the Mar Qtr.
117.6 mil shares on issue.
58.8 mil (20 cents DEC 2013 expiry) options on issue.
At 12.5 cents, market cap @ $14.7 mil. Hence, EV approx $10 mil.
Lots of drilling success recently and some decent accumulation on the stock in the past fornight. Low EV per ounce among it's peers. Chart looking good too.
I hold.
$4.7 mil cash in the Mar Qtr.
117.6 mil shares on issue.
58.8 mil (20 cents DEC 2013 expiry) options on issue.
At 12.5 cents, market cap @ $14.7 mil. Hence, EV approx $10 mil.
Lots of drilling success recently and some decent accumulation on the stock in the past fornight. Low EV per ounce among it's peers. Chart looking good too.
I hold.