RE: 2006 RevisitedFundamentals are bottom line, If gold stays strong and I think it will, our company needs to finish the feasability studies or any outstanding instrument 101 approvals. They need to show us that they are on target for the P. Son plant. To move this one due to the recent dilution of outstanding shares, we need a production company. Nothing big yet but something to offset the exploration and production start up costs. A mine is not cheap to set up and they are looking to set up more in production.
I believe they have good fundamentals but I'm a little cautious on the share float. If they get production once plant startup is achieved since they have showen the feasibility of the project, they could start to roll in earnings. I think this is a long play that will be a cylcical but could reward. Strong Management, cheaper cost in Phillipenes and Vietname, but mining is an expensive business. Good luck all. Always do your own DD as this does not constitute financial advice.
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