onone2, my post above DOESNT say it all in anyway at all. It rightly points out that they are in an early stage process, the risks are still evidently clear yet the company needs to make further tracks for the share price to move upto a more appropriate grounding.
As for being minnows in a big pond, there arent many majors operating in the Phillipines so where is your big pond? The government in the past has been reluctant to let foreign companies in but that is changing as has been evidently clear in the granting of the permits.