Proto Resources & Investments Ltd (PRW)

[Foe]

My enthusiasm for PRW has been steadily growing this year and after listening twice to AM at last weeks ARCUSA conference see http://live.arcusa-newyork.com/09-AndrewMortimer.html , am convinced this is the pick of the small cap miners on my radar with market cap of $23M.

The preso focuses on the ideally located Barnes Hill nickel project and their proprietary processing treatment, which is cost effective as well as environmentally advantageous.

Andrew explained the project is unique with port facilities, sealed road, Beaconsfield township all very close and the project is nearing the end of three years assessment with proven resource and very profitable metrics. They plan to be in production by late 2012/early 2013.

The clincher as Andrew explains, is they have so much momentum with a number of key milestones expected in the next 2-6 weeks:

o Tassie mining approvals
o The development proposal, which has been informally shown to authorities will be lodged during this time and expected to have little resistance
o Update on their proprietary processing trial to be released
o $45M financing progress

When you consider above plus the support of big boys JP Morgan and Macquarie bank as well as their other projects, particularly Doolgunna - with a market capital of $23M this is a standout stock that may start to run in the very short term. Be staggered if market cap is not five, perhaps ten fold within the next 12 months

By: (Upmarket) from http://www.hotcopper.com.au/

Price now:
http://finance.yahoo.com/q?s=PRW.AX
I think we can see it at 30-40cent