A reader asked me my view of this stock. I must say I saw nothing but risks attached to this stock for several reasons:2. The nuggetty gold effect is likely to disappoint
3. The reliance on Russian drilling - which has historically shown itself to be unreliable. I see that they have done 400m of drilling, but that is not going to say much until they get a bulk sample back, and even then, the mineralisation is just 0.8m in thinkness in places, which means they will have to cut back the walls for mine entries. Nope, I'm not interested in this stock. They can talk up the prospect of a pre-feasibility as mine executives are prone to do...I've sailed on that ship a few times. But I can't see this project flying unless more info proves otherwise. They also have geothermal interests in Central Asia. Hmmm....Is there any demand there?
-----------------------------------------------Andrew Sheldon www.sheldonthinks.com
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