RE: wisha31 Dec 2017 18:18
There's other metals involved in this project too e.g.titanium. We'll learn exactly what is what when the PFS is released and I suspect it will be very good news, given the fact that the Scoping Study was also promising.
I wouldn't get too het-up about funding. BM is well connected and he knows what to do and how best to avoid any share diltuion. I suspect that on the release of the PFS, the banks / money lenders as well as the II's will want a piece of the action. All I know, is that this share will undergo a serious re-rate during 2018 and into 2019. This is one share to stick in your ISA or SIPP and sit back and watch it grow. Not many shares in free float, so any good news should in theory propel the share price in an upwards trajectory.
People won't 'bag' until the share price reached circa 9p, but if you're like me, I'm in this for multi-bags, which I firmly believe will happen given our current market cap Vs the NPV of the asset.
On a different note, I am also heavily invested in EUA and have been for almost 4 years. I once again believe that in time EUA will multibag, but you're going to need the patiebce of a Saint in the interim. The assets they are sat on our world class. I think I'm right when I say that Mochetendra is the largest PGM mine in the world, based in Russia.
It's clear that Quisad wants in cheaper and will try all he can to induce fear. I didn't think it would take too long for the derampers to emerge. You get it with every share. All it means is that they know it's a share with great potential, but they want in cheaper. Ignore him / her. He / she is not even invested in this share whsilt the rest of us have already taken our positons. I like Wisha have every faith that we're sitting on a multi-bagger. Just sit back, exercise some patience and faith and let BM work his magic. GLA Jangadans and may 2018 be our year!