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ESR

Back at the start of August I suggested that October would be a good time to jump into Estrella Resources (ASX: ESR). At that time they were at 3.9 cents. Now, they are down to 2.9 cents. Their scoping study still remains uncompleted, but that's probably because it's not quite due yet and they have a lot going on.

They have started drilling and testing and the indications look really good. So if your risk tolerance is high, now might ne a good time to become a shareholder. Once they define their limestone deposit, things will progress quickly as they already have a buyer.

Timor-Leste, it has to be said, is highly prospective. This means it is high risk. But with a friendly government and fertile ground, these guys could really kick some goals and deliver a great return to shareholders. I reckon you could easily double your money in three months. Yep, the share price could hit 6 cents. But they have to start achieving some of their milestones.

As I said, high risk, but well worth it if the results come through.

I will check back in January,

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