MKE

I am always on the lookout for el cheapo. MKE fits the description based on

http://www.hotcopper.com.au/asx_announcements.asp?id=340155

It is the cheapest stock by acreage valuation although nothing has been found yet... but expected to find.

Today, I sold IRD (rose over 200% since purchase) to fund my dalliance with MKE. IRD has already risen a lot and I doubt it will rocket again like it did. The prospect for MKE might be better.